By Susanna Moon
Chicago, May 4 – GS Finance Corp. priced $3.59 million of autocallable contingent coupon notes due May 2, 2028 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 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 6.75% if each index closes at or above its 60% coupon barrier on the observation date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any review date after one year.
The payout at maturity will be par unless either index closes below its 50% downside threshold, in which case investors will be fully exposed to any losses of the worse performing index.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
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| Underlying indexes: | Russell 2000 and Euro Stoxx 50
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| Amount: | $3.59 million
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| Maturity: | May 2, 2028
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| Coupon: | 6.75% annualized, payable quarterly if each index closes at or above 60% coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above 50% trigger level, par; otherwise, 1% loss for each 1% decline of worse performing index
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| Call: | At par if each index closes at or above its initial level on any quarterly call review date from April 2019 through January 2028
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| Initial levels: | 3,485.83 for Stoxx, 1,550.467 for Russell
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| Coupon barriers: | 60% of initial levels
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| Trigger levels: | 50% of initial levels
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| Pricing date: | April 25
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| Settlement date: | April 30
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.95%
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| Cusip: | 40055AWH6
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