By William Gullotti
Buffalo, N.Y., March 25 – GS Finance Corp. priced $2.03 million of 0% autocallable underlier-linked notes due March 23, 2028 linked to the Euro Stoxx 50 index and the Vanguard Real Estate ETF, according to a 424B2 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 10.5% annual call premium if the lesser-performing underlier closes at or above its 90% call level on any annual valuation date.
If the lesser-performing underlier finishes at or above its call level, the payout at maturity will be par plus 42%.
If the worst performer falls by more than 10% but finishes at or above its 70% trigger buffer, the payout will be par. Otherwise, investors will be exposed to the worst performer’s decline 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 underlier-linked notes
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| Underlying assets: | Euro Stoxx 50 index, Vanguard Real Estate ETF
|
| Amount: | $2,027,000
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| Maturity: | March 23, 2028
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the lesser-performing asset finishes at or above call level, par plus 42%; if the worst performer declines by more than 10% but finishes at or above trigger buffer level, par; otherwise, investors will be fully exposed to the worst performer’s decline from its initial level
|
| Call: | Automatically at par plus a 10.5% annual call premium if lesser-performing underlier closes at or above initial level on any annual valuation date
|
| Initial levels: | 4,982.76 for index, $85.23 for fund
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| Call levels: | 90% of initial levels
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| Trigger buffer levels: | 70% of initial levels
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| Pricing date: | March 18
|
| Settlement date: | March 21
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 40057YNZ2
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