By Marisa Wong
Morgantown, W.Va., April 2 – GS Finance Corp. priced $2 million of 0% autocallable notes due March 31, 2022 linked to the S&P 500 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus a call return of 11.75% per year if each index closes at or above its initial level on any annual call observation date.
If each index finishes at or above its initial level, the payout at maturity will be par plus 47%.
If any index falls but each index finishes at or above 70% of its initial level, the payout will be par plus 10%.
If any index finishes below 70% of its initial level, investors will lose 1% for each 1% decline of the least performing index from its initial level.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying indexes: | S&P 500 index, Dow Jones industrial average and Russell 2000 inde
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| Amount: | $2 million
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| Maturity: | March 31, 2022
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| Coupon: | 0%
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| Price: | Par
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| Call: | Automatically at par plus 11.75% per year if each index closes at or above its initial level on any annual call observation date
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| Payout at maturity: | If each index finishes at or above its initial level, par plus 47%; if any index falls but each index finishes at or above 70% of its initial level, par plus 10%; otherwise, 1% loss for each 1% decline of the least performing index from its initial level
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| Initial index levels: | 2,588.26 for S&P, 23,533.20 for Dow and 1,510.083 for Russell
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| Pricing date: | March 23
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| Settlement date: | March 29
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.3%
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| Cusip: | 40055AN78
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