Chicago, July 21 – GS Finance Corp. priced an additional $31,000 of 0% autocallable index-linked notes due Jan. 4, 2024 tied to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The additional notes are a reopening to a previous $241,000 sale of the notes on June 27.
If each index closes at or above its initial level on a quarterly call observation date starting after six months, the notes will be called at par plus a 10% annualized call premium.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 150% of the return of the laggard index.
If the laggard index declines but finishes at or above 70% of its initial level, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the laggard 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.
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| Issue: | Autocallable index-linked notes
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| Underlying indexes: | S&P 500 index, Russell 2000 index
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| Amount: | $31,000
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| Maturity: | Jan. 4, 2024
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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 150% of the return of the laggard index; if laggard index finishes at or above 70% of initial level, par; otherwise, lose 1% for every 1% decline of the laggard index from its initial level
|
| Call: | At par plus annualized 10% call premium if each index closes above initial level on any quarter call observation date starting after six months
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| Initial index levels: | 3,900.11 for S&P, 1,771.742 for Russell
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| Trigger levels: | 70% of initial levels
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| Pricing date: | June 30
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| Settlement date: | July 1
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.22%
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| Total issue size: | $272,000 with $241,000 of notes offered on June 27
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| Cusip: | 40057MB32
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