By Wendy Van Sickle
Columbus, Ohio, April 20 – GS Finance Corp. priced $3.86 million of 0% autocallable buffered index-linked notes due April 21, 2025 linked to the S&P 500 index, 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 9% if the index closes at or above call index level on any quarterly observation date after one year.
If the notes are not called and the index return is at least equal to 90% of the initial level, the payout at maturity will be par plus 45%. Investors will receive par if the index falls by more than 10% but not more than 25% and will lose 1.3333% for each 1% loss beyond 25%.
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 buffered index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $3.86 million
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| Maturity: | April 21, 2025
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If index return is at least equal to 90% of initial level, par plus 45%; if index falls by more than 10% but not more than 25%, par; otherwise, 1.333% loss for each 1% index decline beyond 25%
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| Call: | Par plus annualized call premium of 9% if the index closes at or above initial level on any quarterly observation date after one year
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| Initial level: | 2,799.55
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| Pricing date: | April 17
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| Settlement date: | April 21
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.35%
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| Cusip: | 40056YZZ0
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