By Marisa Wong
Morgantown, W.Va., June 5 – GS Finance Corp. priced $4,697,410 of trigger autocallable contingent yield notes due May 15, 2029 linked to the MSCI Emerging Markets index 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 pay a contingent quarterly coupon at an annual rate of 7.5% if each index closes at or above its coupon barrier level, 70% of its initial level, on the related quarterly observation date.
The notes will be called at par if each index closes at or above its initial level on any quarterly observation date after one year.
The payout at maturity will be par plus the final coupon, if any, unless either index finishes below the 50% downside threshold level, in which case investors will lose 1% for each 1% decline of the worse performing index from its initial level.
Goldman Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger autocallable contingent yield notes
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| Underlying indexes: | MSCI Emerging Markets, Euro Stoxx 50
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| Amount: | $4,697,410
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| Maturity: | May 15, 2029
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| Coupon: | 7.5%, payable each quarter that each index closes at or above coupon barrier on observation date for that quarter
|
| Price: | Par of $10
|
| Call: | At par plus contingent coupon if each index closes at or above initial level on any observation date after one year
|
| Payout at maturity: | Par unless either index finishes below downside threshold, in which case 1% loss for each 1% decline of worse performing index from initial level
|
| Initial levels: | 1,033.44 for EM and 3,361.05 for Stoxx
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| Coupon barriers: | 723.41 for EM and 2,352.74 for Stoxx; 70% of initial levels
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| Downside thresholds: | 516.72 for EM and 1,680.53 for Stoxx; 50% of initial levels
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| Pricing date: | May 10
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| Settlement date: | May 15
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| Underwriter: | Goldman Sachs & Co. with UBS Financial Services Inc. as selling agent
|
| Fees: | 3.95%
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| Cusip: | 36257D675
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