By Sarah Lizee
Olympia, Wash., June 21 – GS Finance Corp. priced $5.66 million of 0% autocallable index-linked notes due Dec. 3, 2020 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 10.5% annualized premium if both indexes close at or above their initial index levels on any semiannual observation date.
At maturity, if the return of both indexes is greater than or equal to their initial levels, the payout will be par plus 15.75%.
If either index either index falls by up to 20%, the payout will be par.
Otherwise, investors will be exposed to any losses of the lesser performing index beyond 20%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Russell 2000, S&P 500
|
| Amount: | $5,656,000
|
| Maturity: | Dec. 3, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the return of both indexes is greater than or equal to their initial levels, par plus 15.75%; if either index either index falls by up to 20%, par; otherwise, exposure to any losses of the lesser performing index beyond 20%
|
| Call: | At par plus a 10.5% annualized premium if both indexes close at or above their initial index levels on any semiannual observation date
|
| Initial levels: | 2,788.86 for S&P and 1,485.531 for Russell
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.3%
|
| Cusip: | 40056FN35
|
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