By Angela McDaniels
Tacoma, Wash., May 28 – GS Finance Corp. priced $4.5 million of 0% autocallable notes due May 31, 2024 linked 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 automatically called at par plus a call premium of 10% per year if each index closes at or above its call level on any quarterly call observation date. The call level for each index is 100% of its initial level on the first four call observation dates and 95% of its initial level on the following call observation dates.
If the notes are not called and the final level of each index is greater than or equal to 95% of its initial level, the payout at maturity will be par plus 40.5%.
If the final level of each index is greater than or equal to 60% of its initial level but the final level of either index is less than 95% of its initial level, the payout will be par.
If the final level of either index is less than 60% of its initial level, investors will be exposed to the decline of the lesser-performing index from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable notes
|
| Underlying indexes: | Russell 2000 and Euro Stoxx 50
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| Amount: | $4.5 million
|
| Maturity: | May 31, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If notes are not called and final level of each index is greater than or equal to 95% of initial level, par plus 40.5%; if final level of each index is greater than or equal to 60% of initial level but final level of either index is less than 95% of initial level, par; if final level of either index is less than 60% of initial level, exposure to decline of lesser-performing index from initial level
|
| Call: | Automatically at par plus call premium of 10% per year if each index closes at or above call level on any quarterly call observation date
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| Initial levels: | 1,501.38 for Russell 2000 and 3,327.20 for Euro Stoxx 50
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| Call levels: | 100% of initial levels on first four call observation dates and 95% of initial levels on subsequent call observation dates
|
| Pricing date: | May 23
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| Settlement date: | May 29
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.05%
|
| Cusip: | 40056FJG1
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