By Sarah Lizee
Olympia, Wash., March 28 – GS Finance Corp. priced $580,000 of 0% autocallable index-linked notes due April 2, 2024 tied to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus a 10% annualized premium if the indexes close at or above their initial levels on an annual observation date.
If the notes are not called, the payout at maturity will be par plus 50% if each index closes at or above its initial level.
If the lesser performing index finishes below its initial level but at or above its trigger level, 50% of its initial level, the payout at maturity will be par.
If either index falls by more than 50%, investors will be exposed to any losses of the worst-performing index.
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: | Russell 2000 and Euro Stoxx 50
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Amount: | $580,000
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Maturity: | April 2, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, par plus 50%; if lowest performing index finishes below its initial level but at or above trigger level, par; if either index falls by more than 50%, par plus return of worst-performing index, with full exposure to losses
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Call: | At par plus 10% per year if both indexes close at or above initial levels an annual observation date
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Initial levels: | 3,319.53 for Stoxx, 1,528.166 for Russell
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Trigger levels: | 50% of initial levels
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Pricing date: | March 26
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Settlement date: | March 29
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Agent: | Goldman Sachs & Co.
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Fees: | 4.48%
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Cusip: | 40056EZH4
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