By Wendy Van Sickle
Columbus, Ohio, June 29 – GS Finance Corp. priced $2.5 million of 0% autocallable notes due June 30, 2025 linked to the class A common stock of Facebook, Inc. and the class C capital stock of Alphabet Inc., according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus an 13% annualized call premium if the lesser-performing stock closes at or above its initial level on any quarterly call date after one year.
If the lesser-performing stock finishes at or above its initial level, the payout at maturity will be par plus 65%. If the lesser-performing stock falls by up to 40%, the payout will be par. Otherwise, investors will be fully exposed to the lesser-performing stock’s decline from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable equity-linked notes
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| Underlying stocks: | Alphabet Inc. and Facebook, Inc.
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| Amount: | $2.5 million
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| Maturity: | June 30, 2025
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| Coupon: | 0%
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| Price: | Par
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| Call: | Automatically at par plus 13% annualized call premium if lesser-performing stock closes at or above initial level on any quarterly call observation date after one year
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| Payout at maturity: | If the lesser-performing stock finishes at or above initial level, par plus 65%; if the final lesser-performing stock falls by up to 40%, the payout will be par; otherwise, investors will be fully exposed to the lesser-performing stock’s decline from its initial level
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| Initial levels: | $239.22 for Facebook, $1,451.86 for Alphabet
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| Pricing date: | June 22
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| Settlement date: | June 25
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 4.35%
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| Cusip: | 40057CBT7
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