By Wendy Van Sickle
Columbus, Ohio, Feb. 5 – GS Finance Corp. priced $3.55 million of 0% autocallable notes due Feb. 11, 2027 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus a call premium of 5% per year if the index closes at or above its call level on any annual review date. The call level will be 102.5% of the initial level for the first review date and will step up by 50 basis points on each subsequent call review date.
The payout at maturity will be par plus1.75 times any index gain. If the index falls, the payout will be par.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable notes
|
| Underlying index: | GS Momentum Builder Multi-Asset 5S ER index
|
| Amount: | $3,545,000
|
| Maturity: | Feb. 11, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.75 times any index gain; otherwise, par
|
| Call: | At par plus an annual call premium of 5% if the index closes at or above its call level on any annual review date
|
| Initial index level: | 110.61
|
| Call level: | 102.5% of the initial level for the Jan. 28, 2021 review date, stepping up by 50 bps on each subsequent call review date up to 115% of the initial level on the Jan. 28, 2026 final review date
|
| Pricing date: | Jan. 28
|
| Settlement date: | Jan. 31
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 4.83%
|
| Cusip: | 40056XYY6
|
|
|
© 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.
