By Wendy Van Sickle
Columbus, Ohio, July 14 – GS Finance Corp. priced $4.33 million of autocallable contingent coupon index-linked notes due July 15, 2027 linked to the S&P 500 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 contingent monthly coupon at an annualized rate of 7.25% if the index closes at or above the coupon barrier level, 70% of the initial level, on the valuation date for that period.
The notes will be automatically called at par plus the contingent coupon if the index close at or above the initial level on any quarterly call valuation date after one year.
If the final level is greater than or equal to the 70% final buffer, the payout at maturity will be par. Otherwise, investors will be exposed to the decline of the index beyond 30%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $4,334,000
|
| Maturity: | July 15, 2027
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| Coupon: | 7.25% annually, payable monthly, if index closes at or above coupon barrier level on valuation date for that period
|
| Price: | Par
|
| Payout at maturity: | If notes are not called and final level is greater than or equal to final barrier level, par; otherwise, exposure to decline of index beyond 30%
|
| Call: | Automatically at par plus contingent coupon if index closes at or above initial level on any quarterly call valuation date after one year
|
| Initial level: | 3,899.38
|
| Coupon barrier level: | 70% of initial level
|
| Buffer level: | 70% of initial level
|
| Pricing date: | July 8
|
| Settlement date: | July 13
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.5%
|
| Cusip: | 40057MHX0
|
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