By Kiku Steinfeld
Chicago, July 21 – GS Finance Corp. priced $1.85 million of 0% autocallable index-linked notes due June 4, 2024 tied to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 6.5% annualized premium if both indexes close at or above their initial index levels on any semiannual observation date after one year.
At maturity, if the return of both indexes is greater than their initial levels, the payout will be par plus 1.25 times the return of the lesser performing index.
If either index either index finishes flat or falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the lesser performing index declines beyond 15%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Russell 2000, Nasdaq-100
|
| Amount: | $1,847,000
|
| Maturity: | June 4, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the return of both indexes is greater than their initial levels, par plus 1.25 times the return of the lesser performing index; if either index either index finishes flat or falls by up to 15%, par; otherwise, 1% loss for every 1% that the lesser performing index declines beyond 15%
|
| Call: | At par plus a 6.5% annualized premium if both indexes close at or above their initial index levels on any semiannual observation date after one year
|
| Initial levels: | 13,657.73 for Nasdaq, 2,205.750 for Russell
|
| Barrier level: | 85% of initial levels
|
| Pricing date: | May 25
|
| Settlement date: | May 28
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.23%
|
| Cusip: | 40057H6E5
|
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