By Susanna Moon
Chicago, Aug. 2 – GS Finance Corp. priced $2.58 million of 0% notes due Aug. 9, 2024 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 12% if the index closes at or above its call level on any annual observation date. The call level will be 104% for the first call date, stepping up by 4% on each subsequent call date to a final level of 124% on July 26, 2023.
The payout at maturity will be par plus any index gain.
If the index falls, the payout will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Notes
|
| Underlying index: | GS Momentum Builder Multi-Asset 5S ER index
|
| Amount: | $2,583,000
|
| Maturity: | Aug. 9, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index return, floor of par
|
| Call: | At par plus 12% per year if index closes at or above call level on any annual observation date
|
| Initial index level: | 103.77
|
| Call level: | 104% for first call date, stepping up by 4% on each subsequent call date to final level of 124% on July 26, 2023
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 5.05%
|
| Cusip: | 40054LJ47
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
