By William Gullotti
Buffalo, N.Y., July 26 – GS Finance Corp. priced $3.61 million of 0% market-linked notes – autocallable with contingent downside due June 1, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus an annualized call premium of 7.6% if the index closes at or above the initial level on any semiannual valuation date after one year.
If the notes are not called at maturity and the index finishes at or above its 70% threshold level, investors will receive par.
Otherwise, investors will be fully exposed to the decline of the index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Market-linked notes – autocallable with contingent downside
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| Underlying index: | S&P 500 index
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| Amount: | $3.61 million
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| Maturity: | June 1, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If not called and the index finishes at or above threshold level, par; otherwise, full exposure to loss
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| Call: | Automatically at par plus 7.6% annualized call premium if the index closes at or above the initial level on any semiannual valuation date after one year
|
| Initial level: | 4,205.45
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| Threshold level: | 70% of initial level
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| Pricing date: | May 26
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| Settlement date: | June 1
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| Agents: | Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC
|
| Fees: | 2.605%
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| Cusip: | 40057RXQ6
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