By Sarah Lizee
Olympia, Wash., July 6 – GS Finance Corp. priced $160,000 of 0% autocallable index-linked notes due July 2, 2025 tied to the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus 7.75% per year if both indexes close at or above their initial levels on any annual observation date.
If the notes are not called and each index closes above its initial level, the payout will be par plus 38.75%.
If either index falls by up to 35%, the payout will be par.
If either index falls by more than 35%, investors will be exposed to any losses of the lesser-performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
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, Dow Jones industrial average
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| Amount: | $160,000
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| Maturity: | July 2, 2025
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | Par plus 38.75% if indexes finish at or above initial levels; if either index falls by up to 35%, par; otherwise, exposure to any losses of the lesser performing index
|
| Call: | At par plus 7.75% per year if both indexes close at or above their initial levels on any annual observation date
|
| Initial levels: | 1,413.315 for Russell, 25,745.60 for Dow
|
| Barrier levels: | 65% of initial levels
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| Pricing date: | June 25
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| Settlement date: | June 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.475%
|
| Cusip: | 40057C5H0
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