By Wendy Van Sickle
Columbus, Ohio, April 25 – GS Finance Corp. priced $16.33 million of 0% autocallable buffered index-linked notes due April 26, 2028 linked to the Euro Stoxx 50 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 automatically called at par plus 10.25% per annum if the index closes at or above 90% of its initial level on any quarterly call observation date after one year.
If the notes are not called and the index return is at least 90% of its initial level, the payout at maturity will be par plus 51.25%.
Investors will receive par if the index falls by more than 10% but not more than 15% and will lose 1.1765% for each 1% loss beyond 15%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable buffered index-linked notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $16,327,000
|
| Maturity: | April 26, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and the index return is at least 90% of its initial level, par plus 51.25%; par if the index falls by more than 10% but not more than 15%; otherwise, 1.1765% loss for each 1% decline beyond 15%
|
| Call: | Automatically at par plus 10.25% per annum if the index closes at or above 90% of the initial index level on any quarterly call observation date after one year
|
| Initial level: | 4,393.57
|
| Buffer level: | 85% of initial level
|
| Pricing date: | April 19
|
| Settlement date: | April 24
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0%
|
| Cusip: | 40057RK31
|
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