By Sarah Lizee
Olympia, Wash., June 7 – GS Finance Corp. priced $708,000 of autocallable contingent coupon index-linked notes due June 12, 2024 linked to the least performing of the Russell 2000 index, the Euro Stoxx 50 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 pay a contingent quarterly coupon at a rate of 6.55% per year if each index closes at or above its 70% coupon trigger level on the related quarterly determination date.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date beginning in June 2020 and ending in March 2024.
The payout at maturity will be par unless any index finishes below its initial level and any index finishes below its 60% trigger level, in which case investors will lose 1% for every 1% decline of the least performing index.
Goldman, Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon index-linked notes
|
| Underlying indexes: | Russell 2000, Euro Stoxx 50, Nasdaq-100
|
| Amount: | $708,000
|
| Maturity: | June 12, 2024
|
| Coupon: | 6.55% per year, payable each quarter that each index closes at or above its 70% coupon trigger level on the related quarterly determination date
|
| Price: | Par
|
| Payout at maturity: | Par unless any index finishes below its initial level and any index finishes below its 60% trigger level, in which case investors will lose 1% for every 1% decline of the least performing index
|
| Call: | At par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date beginning in June 2020 and ending in March 2024
|
| Initial levels: | 7,220.903 for Nasdaq, 1,506.793 for Russell and 3,339.95 for Stoxx
|
| Pricing date: | June 5
|
| Settlement date: | June 10
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 4.475%
|
| Cusip: | 40056FNC5
|
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