By Wendy Van Sickle
Columbus, Ohio, April 25 – GS Finance Corp. priced $19.36 million of trigger autocallable contingent yield notes due April 24, 2029 linked to the S&P 500 index and the Euro Stoxx 50 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 quarterly coupon at an annualized rate of 9.4% if each index closes at or above its 70% coupon barrier on the related observation date.
The notes will be called at par if each index closes at or above its initial level on an observation after six months.
If each index’s final level is greater than or equal to 60% of its initial level, the payout at maturity will be par.
Investors will have full exposure to the laggard index decline if it declines by more than 40%.
Goldman Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying index: | Euro Stoxx 50 index and S&P 500 index
|
| Amount: | $19,355,200
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| Maturity: | April 24, 2029
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| Coupon: | 9.4%, payable quarterly if each index closes at or above coupon barrier on observation date
|
| Price: | Par of $10
|
| Payout at maturity: | Par if neither index finishes below downside threshold level; otherwise, full exposure to decline from initial level
|
| Call: | At par if each index closes at or above initial level on any quarterly call observation date after six months
|
| Initial levels: | 4,918.09 for Stoxx, 4,967.23 for S&P
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| Coupon barriers: | 70% of initial levels
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| Downside thresholds: | 60% of initial levels
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| Pricing date: | April 19
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| Settlement date: | April 24
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| Agents: | Goldman Sachs & Co. and UBS Financial Services Inc.
|
| Fees: | 0%
|
| Cusip: | 36267H872
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