By Sarah Lizee
Olympia, Wash., March 5 – GS Finance Corp. priced $12 million of 0% autocallable index-linked notes due March 5, 2025 tied to the Russell 2000 index, the S&P 500 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 be called at par plus a 12% annualized premium if each index closes at or above its initial level on any of eight semiannual call observation dates.
If the notes are not called and each index closes at or above 80% of its initial level, the payout will be par plus 60%.
If any index declines by more than 20% but only up to 40%, the payout will be par.
If any index falls by more than 40%, investors will be exposed to the losses of the least-performing index.
Goldman Sachs & Co. LLC 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 index, S&P 500 index and Euro Stoxx 50 index
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| Amount: | $12 million
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| Maturity: | March 5, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and each index closes at or above 80% of its initial level, par plus 60%; if any index declines by more than 20% but only up to 40%, par; if any index falls by more than 40%, investors will be exposed to the losses of the least-performing index
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| Call: | At par plus 12% annualized call premium if each index closes at or above its initial level on any of eight semiannual call observation dates
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| Initial index levels: | 1,476.431 for Russell, 2,954.22 for S&P and 3,347.85 for Stoxx
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| Trigger levels: | 60% of initial levels
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| Pricing date: | March 2
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| Settlement date: | March 9
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.3%
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| Cusip: | 40056YQV9
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