By Wendy Van Sickle
Columbus, Ohio, June 13 – GS Finance Corp. priced $881,000 of 0% autocallable notes due June 14, 2022 linked to the SPDR S&P Biotech ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus an annualized call premium of 11.5% if the ETF closes at or above its initial level on any annual review date.
The payout at maturity will be par plus 34.5% if the ETF finishes at or above its initial level. If the ETF declines by up to 30%, the payout will be par. Otherwise, investors will be fully exposed to the decline of the ETF from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable ETF-linked notes
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| Underlying ETF: | SPDR S&P Biotech ETF
|
| Amount: | $881,000
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| Maturity: | June 14, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF finishes at or above its initial level, par plus 34.5%; if ETF declines by up to 30%, par; otherwise, full exposure to any ETF decline
|
| Call: | At par plus 11.5% a year if ETF closes at or above initial level on an annual review date
|
| Initial level: | $82.84
|
| Pricing date: | June 7
|
| Settlement date: | June 12
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.45%
|
| Cusip: | 40056FJZ9
|
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