By Marisa Wong
Morgantown, W.Va., May 1 – GS Finance Corp. priced $609,000 of 0% autocallable index-linked notes due April 23, 2024 tied to the Russell 2000 index and the Nasdaq-100 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 an 8% annualized premium if both indexes close at or above their initial index levels on any annual observation date.
If both indexes finish at or above their initial levels, the payout at maturity will be par plus 40%.
If either index falls but neither falls by more than 35%, the payout will be par.
Otherwise, investors will be exposed to the decline of the lesser performing index.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
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| Underlying indexes: | Russell 2000, Nasdaq-100
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| Amount: | $609,000
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| Maturity: | April 23, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the return of each index is zero or positive, par plus 40%; if either index falls but neither falls by more than 35%, par; otherwise, full exposure to decline of the lesser performing index
|
| Call: | At par plus an 8% annualized premium if both indexes close at or above their initial index levels on any annual observation date
|
| Initial levels: | 1,582.785 for Russell and 7,654.731 for Nasdaq
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| Pricing date: | April 16
|
| Settlement date: | April 22
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 4.475%
|
| Cusip: | 40056F4L6
|
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