By Sarah Lizee
Olympia, Wash., Aug. 13 – GS Finance Corp. priced $888,000 of 0% autocallable index-linked notes due Aug. 9, 2027 tied to the Russell 2000 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 be called at par plus a 6.6% annualized premium if the indexes close at or above their initial levels on any annual call date.
If the notes are not called and each index closes at or above its initial level, the payout at maturity will be par plus 46.2%.
If the lesser performing index falls by up to 20%, the payout will be par.
If either index falls by more than 20%, investors will be exposed to any losses of the worst-performing index beyond 20%.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying indexes: | Russell 2000 index and Euro Stoxx 50 index
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| Amount: | $888,000
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| Maturity: | Aug. 9, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and each index closes at or above its initial level, par plus 46.2%; if the lesser performing index falls by up to buffer, par; if either index falls by more than buffer, exposure to any losses of the worst-performing index beyond buffer
|
| Call: | At par plus a 6.6% annualized premium if the indexes close at or above their initial levels on any annual call date
|
| Initial levels: | 1,480.427 for Russell, 3,174.32 for Stoxx
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| Buffer levels: | 80% of initial levels
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| Pricing date: | July 31
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| Settlement date: | Aug. 5
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| Agent: | Goldman Sachs & Co.
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| Fees: | 3.9%
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| Cusip: | 40057CHH7
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