By William Gullotti
Buffalo, N.Y., July 16 – GS Finance Corp. priced $1.28 million of 0% autocallable index-linked notes due May 29, 2026 tied to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on any quarterly call observation date after one year, the notes will be called at par plus an annualized 8% call premium.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 40%
If the worst performer declines but finishes above 70% of its initial level, the payout will be par.
If any index falls by more than 30%, investors will be exposed to the decline of the worst performing index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying indexes: | Euro Stoxx 50 index, Russell 2000 index
|
| Amount: | $1,280,000
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| Maturity: | May 29, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, par plus 40%; if worst performer finishes above 70% of initial level, par; if any index falls by more than 30%, investors will be exposed to the decline of the worst performing index from its initial level
|
| Call: | If each index closes at or above initial level on any quarterly observation date after one year, notes will be called at par plus an annualized 8% call premium
|
| Initial index levels: | 4,031.67 for Stoxx, 2,249.274 for Russell
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| Trigger buffer levels: | 70% of initial levels
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| Pricing date: | May 26
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| Settlement date: | May 28
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.45%
|
| Cusip: | 40057HF21
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