By Wendy Van Sickle
Columbus, Ohio, April 23 – GS Finance Corp. priced $743,000 of 0% autocallable index-linked notes due May 10, 2023 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 10.75% annualized premium if the indexes close at or above 90% of their initial levels on an annual observation date.
If the notes are not called, the payout at maturity will be par plus 43% if each index closes at or above 90% of its initial level.
If the lesser performing index finishes below 90% of its initial level but at or above its trigger level, 70% of its initial level, the payout at maturity will be par.
If either index falls by more than 30%, 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: | $743,000
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| Maturity: | May 10, 2023
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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 90% of its initial level, par 43%; if lowest performing index finishes below 90% of its initial level but at or above trigger level, par; if either index falls by more than 30%, par plus return of worst-performing index, with full exposure to losses
|
| Call: | At par plus 10.75% per year if both indexes close at or above 90% of initial levels on an annual observation date
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| Initial levels: | 3,499.23 for Stoxx, 1,565.748 for Russell
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| Trigger levels: | 70% of initial levels
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| Pricing date: | April 18
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| Settlement date: | April 26
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| Agent: | Goldman Sachs & Co.
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| Fees: | 0.3%
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| Cusip: | 40056F6T7
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