By William Gullotti
Buffalo, N.Y., July 23 – GS Finance Corp. priced $274,000 of 0% autocallable index-linked notes due July 22, 2026 tied to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on any annual call observation date, the notes will be called at par plus 4.3% per year.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus the lesser-performing index return.
If the worst performer finishes above 60% of its initial level, the payout will be par.
If any index falls by more than 40%, investors will be exposed to the decline of the worst performing index from its initial level.
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: | S&P 500 index, Russell 2000 index
|
| Amount: | $274,000
|
| Maturity: | July 22, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, par plus the lesser-performing index’s return; if the worst performer finishes above 60% of its initial level, par; if any index falls by more than 40%, investors will be exposed to the decline of the worst performing index from its initial level
|
| Call: | If each index closes at or above initial level on any annual observation date, notes will be called at par plus 4.3% per year
|
| Initial index levels: | 4,360.03 for S&P, 2,190.293 for Russell
|
| Trigger buffer levels: | 60% of initial levels
|
| Pricing date: | July 15
|
| Settlement date: | July 20
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.1%
|
| Cusip: | 40057HU32
|
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