By Susanna Moon
Chicago, June 1 – Goldman Sachs Group, Inc. priced $3.51 million of autocallable contingent coupon notes due June 10, 2025 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 5.4% if each index closes at or above its barrier level, 50% of its initial level, on the review date for that quarter.
The notes will be called at par plus the coupon if each index closes at or above its initial level on any quarterly determination date after one year.
The payout at maturity will be par plus the contingent coupon unless either index finishes below the 50% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $3,514,000
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| Maturity: | June 10, 2025
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| Coupon: | 1.35% per quarter if each index closes at or above coupon trigger level on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon unless either index falls by more than 50%, in which case full exposure to losses of worst performing index
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| Call: | At par plus coupon if each index closes at or above initial level on any quarterly determination date
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| Initial levels: | 2,123.48 for S&P and 1,254.357 for Russell
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| Coupon trigger levels: | 1,061.74 for S&P and 627.1785 for Russell; 50% of initial levels
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| Pricing date: | May 27
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| Settlement date: | May 29
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 3.95%
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| Cusip: | 38148T2M0
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