By Sarah Lizee
Olympia, Wash., April 6 – GS Finance Corp. priced $547,000 of autocallable contingent coupon notes due March 31, 2025 linked to the Russell 2000 index, S&P 500 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Each month, the notes pay a contingent coupon at an annual rate of 5.2% if each index closes at or above its coupon barrier, 75% of its initial level, on the observation date for that month.
The notes will be automatically called at par if each index closes at or above its initial level on any coupon determination date after six months.
If the notes are not called, the payout will be par plus any coupon.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
|
| Underlying indexes: | Russell 2000 index, S&P 500 index and Dow Jones industrial average
|
| Amount: | $547,000
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| Maturity: | March 31, 2025
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| Coupon: | 5.2%, payable monthly if each index closes at or above coupon barrier on observation date for that month
|
| Price: | Par
|
| Payout at maturity: | Par plus any coupon
|
| Call: | Automatically at par if each index closes at or above initial levels on any coupon determination date after six months
|
| Initial levels: | 1,180.319 for Russell, 2,630.07 for S&P and 22,552.17 for Dow
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.6%
|
| Cusip: | 40056YWT7
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