By Marisa Wong
Los Angeles, March 11 – GS Finance Corp. priced $588,000 of 0% autocallable underlier-linked notes due March 6, 2025 linked to the iShares MSCI Emerging Markets exchange-traded fund and 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 a call premium of 8.25% a year if each underlier closes at or above the call level on any annual call observation date. The call level will equal the initial value for the first three call dates and 95% of the initial value for the fourth call date.
If each underlier finishes at or above 84% of its initial value, the payout at maturity will be par plus 41.25%.
If either underlier finishes below 84% of its initial value but neither finishes below 60% of its initial value, the payout will be par.
If either underlier falls by more than 40%, investors will be fully exposed to the decline of the lesser performer.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable underlier-linked notes
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| Underlying assets: | iShares MSCI Emerging Markets ETF, Euro Stoxx 50 index
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| Amount: | $588,000
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| Maturity: | March 6, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Call: | Automatically at par plus 8.25% per year if each underlier closes at or above the call level on any annual call observation date; call level will equal the initial value for the first three call dates and 95% of the initial value for the fourth call date
|
| Payout at maturity: | If each underlier finishes at or above 84% of its initial value, par plus 41.25%; if either underlier finishes below 84% of its initial value but neither finishes below 60% of its initial value, par; if either underlier falls by more than 40%, full exposure to the decline of the lesser performer
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| Initial values: | $40.67 for ETF and 3,455.92 for index
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| Pricing date: | Feb. 27
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| Settlement date: | March 3
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.45%
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| Cusip: | 40056YK37
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