By Marisa Wong
Morgantown, W.Va., Aug. 7 – GS Finance Corp. priced $6.47 million of 0% autocallable notes due Aug. 3, 2022 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an annualized call premium of 10% if each index closes at or above its initial level on any quarterly observation date.
If the return of each index is zero or positive, the payout at maturity will be par plus the 50% maturity premium.
If either index finishes below its initial level but each index finishes at or above 75% of its initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser performing index from its initial level.
Goldman Sachs & Co. 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: | Euro Stoxx 50, Russell 2000
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| Amount: | $6,469,000
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| Maturity: | Aug. 3, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Call: | Automatically at par plus a 10% annualized call premium if each index closes at or above its initial level on any quarterly observation date
|
| Payout at maturity: | If the return of each index is zero or positive, par plus the 50% maturity premium; if either index finishes below its initial level but each index finishes at or above 75% of its initial level, par; otherwise, 1% loss for each 1% decline of the lesser performing index from its initial level
|
| Initial index levels: | 3,493.14 for Euro Stoxx and 1,433.624 for Russell
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| Pricing date: | July 27
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| Settlement date: | July 31
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.7%
|
| Cusip: | 40054LLN2
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