GS Finance plans seven-year notes on GS Momentum Builder Multi-Asset

New York, March 27 – GS Finance Corp. plans to price 0% autocallable index-linked notes due May 9, 2025 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 guaranteed by Goldman Sachs Group, Inc.

If the closing level of the index is greater than the call level on any call observation date the notes will be automatically called at par plus the call return of 6% per year. The call level is 101.9% of its initial level on April 25, 2019, 103.8% of its initial level on April 25, 2020, 105.7% of its initial level on April 25, 2021, 107.6% of its initial level on April 25, 2022, 109.5% of its initial level on April 25, 2023 and 111.4% of its initial level on April 25, 2024.

At maturity, the payout will be par plus any index gain, or par if the index declines or finishes flat.

Goldman, Sachs & Co. is the agent.

The notes will price on April 25 and settle on April 30.

The Cusip number is 40055AUD7.

© 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.