By Sarah Lizee
Olympia, Wash., July 6 – GS Finance Corp. priced $434,000 of 0% autocallable index-linked notes due July 2, 2025 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its call level on any annual call date, the notes will be called at par plus the return of the lesser performing index. The call level for each index will be 102% of its initial level for the first call date, stepping up by 2% each year.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus the return of the lesser performing index.
If either index falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline 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, S&P 500
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| Amount: | $434,000
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| Maturity: | July 2, 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 finishes at or above its initial level, par plus the return of the lesser performing index; if either index falls by up to 30%, par; otherwise, 1% loss for every 1% decline of the lesser performing index
|
| Call: | If each index closes at or above its call level on any annual call date, notes will be called at par plus the return of the lesser performing index; call level for each index will be 102% of its initial level for the first call date, stepping up by 2% each year
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| Initial index levels: | 1,413.315 for Russell, 3,083.76 for S&P
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| Barrier levels: | 70% of initial levels
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| Pricing date: | June 25
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| Settlement date: | June 30
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.42%
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| Cusip: | 40057C6Z9
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