By Wendy Van Sickle
Columbus, Ohio, May 14 – GS Finance Corp. priced $753,000 of 0% autocallable index-linked notes due May 16, 2022 tied 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 called at par plus a 9.55% annualized premium if the index closes at or above its initial level on an annual observation date.
If the notes are not called, the payout at maturity will be par plus 28.65% if the index closes at or above its initial level.
If the performing index finishes below its initial level but at or above its trigger level, 70% of its initial level, the payout at maturity will be par.
If the index falls by more than 30%, investors will be exposed to any losses.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying indexes: | Russell 2000 and Euro Stoxx 50
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| Amount: | $753,000
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| Maturity: | May 16, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its initial level, par plus 28.65%; if index finishes below initial level but at or above trigger level, par; if index falls by more than 30%, full exposure to losses
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| Call: | At par plus 9.55% per year if index closes at or above initial level on an annual observation date
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| Initial level: | 3,350.71
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| Trigger level: | 30% of initial level
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| Pricing date: | May 9
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| Settlement date: | May 14
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| Agent: | Goldman Sachs & Co.
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| Fees: | 1.45%
|
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| Cusip: | 40056FD93
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