Chicago, May 28 – GS Finance Corp. priced $10 million of autocallable contingent coupon notes due May 20, 2027 linked to the S&P 500 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent monthly coupon of 6.9% per annum if each index closes at or above its 80% coupon trigger level on the determination date for that month.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any monthly determination date beginning in May 2020.
The payout at maturity will be par unless any index finishes below 80% of its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level.
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 contingent coupon notes
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| Underlying indexes: | S&P 500, Dow Jones industrial average, Russell 2000
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| Amount: | $10 million
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| Maturity: | May 20, 2027
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| Contingent coupon: | 6.9% annualized, payable monthly if each index closes at or above 80% coupon trigger level on the determination date for that month
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| Price: | Par
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| Payout at maturity: | Par unless any index finishes below 80% of its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level
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| Call: | Automatically at par plus contingent coupon if each index closes at or above initial level on any monthly call observation date beginning in May 2020
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| Initial index levels: | 2,859.53 for S&P, 25,764.00 for Dow and 1,535.763 for Russell
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| Pricing date: | May 17
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| Settlement date: | May 22
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| Agent: | Goldman Sachs & Co.
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| Fees: | 0.9%
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| Cusip: | 40056FJ30
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