By Sarah Lizee
Olympia, Wash., Nov. 4 – GS Finance Corp. priced $10 million of 0% jump securities with autocallable feature due Nov. 2, 2029 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus 15.1% a year if the index closes above its initial level on any annual call observation date starting Nov. 6, 2020.
At maturity, if the index return is positive or flat, the payout at maturity will be par plus 151%. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Jump securities with autocallable feature
|
Underlying index: | Euro Stoxx 50
|
Amount: | $10 million
|
Maturity: | Nov. 2, 2029
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If the index return is positive or flat, par plus 151%; otherwise, investors will lose 1% for every 1% that the index declines from its initial level
|
Call: | At par plus annual premium of 15.1% if index closes at or above initial level on any annual call observation date starting Nov. 6, 2020
|
Initial level: | 3,620.29
|
Pricing date: | Oct. 30
|
Settlement date: | Nov. 4
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 0.65%
|
Cusip: | 36258L775
|
|
© 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.