By Wendy Van Sickle
Columbus, Ohio, April 24 – GS Finance Corp. priced $21.56 million of autocallable contingent coupon index-linked notes due April 21, 2028 linked to the Euro Stoxx 50 index, the Nasdaq-100 index and the Dow Jones industrial average index, according to a 424B2 filing with the Securities and Exchange Commission.
Each month, the notes will pay a contingent coupon at the rate of 11.35% per year if each underlying asset closes at or above its coupon trigger level, 70% of its initial level, on the observation date for that period.
The notes will be automatically called at par if each underlying asset closes at or above its initial level on any monthly observation date after six months.
The payout at maturity will be par plus the contingent coupon unless the least performing asset finishes below its barrier level, 70% of its initial level, in which case investors will have full exposure to the decline of the laggard index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon index-linked notes
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| Underlying assets: | Euro Stoxx 50 index, Nasdaq-100 index and Dow Jones industrial average
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| Amount: | $21,558,000
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| Maturity: | April 21, 2028
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| Coupon: | 11.35% per year, payable each month that each underlying asset closes at or above coupon trigger level on observation date for that period
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon unless least performing asset finishes below barrier level, in which case full exposure to decline of laggard index
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| Call: | Automatically at par if each underlying asset closes at or above initial level on any monthly observation date after six months
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| Initial levels: | 4,936.57 for Stoxx, 17,394.31 for Nasdaq and 37,775.38 for Dow
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| Coupon trigger levels: | 70% of initial levels
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| Final barrier levels: | 70% of initial levels
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| Pricing date: | April 18
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| Settlement date: | April 23
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.45%
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| Cusip: | 40058A4J0
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