By Wendy Van Sickle
Columbus, Ohio, May 7 – GS Finance Corp. priced $2.66 million of 0% autocallable index-linked notes due May 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 10.25% 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 51.25% 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.
|
| 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: | $2,655,000
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| Maturity: | May 2, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index finishes at or above its initial level, par plus 51.25%; if lowest performing index finishes below 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
|
| Call: | At par plus 10.25% per year if both indexes close at or above initial levels on an annual observation date
|
| Initial levels: | 3,491.92 for Stoxx, 1,575.612 for Russell
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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.
|
| Fees: | 4.43%
|
| Cusip: | 40056F5P6
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