By William Gullotti
Buffalo, N.Y., Aug. 9 – GS Finance Corp. priced $1.24 million of autocallable buffered basket-linked notes due July 31, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
The equally-weighted basket consists of the S&P MidCap 400 index and the Russell 2000 index.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus a 9.8% call premium if the basket closes at or above its initial level on Aug. 5, 2024.
If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket return.
If the basket finishes flat or declines up to 15%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the basket declines below 15%.
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the agents.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Autocallable buffered basket-linked notes
|
Underlying indexes: | S&P MidCap 400 index, Russell 2000 index; equal weights
|
Amount: | $1,235,000
|
Maturity: | July 31, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the basket return is positive, par plus 1.5 times the basket return; if the basket finishes flat or declines up to 15%, par; otherwise, lose 1% for every 1% that the basket declines below buffer
|
Call: | Automatically at par plus a 9.8% call premium if the basket closes at or above its initial level on Aug. 5, 2024
|
Initial levels: | 2,694.62 for S&P MidCap, 1,954.896 for Russell
|
Buffer level: | 85% of initial level
|
Pricing date: | July 27
|
Settlement date: | Aug. 1
|
Agents: | Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
|
Fees: | 1.75%
|
Cusip: | 40057TMD3
|
|
© 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.