By William Gullotti
Buffalo, N.Y., July 28 – GS Finance Corp. priced $670,000 of 0% autocallable index-linked notes due June 8, 2026 tied to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on any annual call observation date, the notes will be called at par plus 8.2% per year.
If the notes are not called and each index finishes at or above 90% of its initial level, the payout will be par plus 41%.
If the worst performer finishes below 90% but at or above 65% of its initial level, the payout will be par.
If any index falls by more than 35%, investors will be exposed to the decline of the worst performer from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Russell 2000 index, Euro Stoxx 50 index
|
| Amount: | $670,000
|
| Maturity: | June 8, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and each index finishes at 90% of initial level or above, par plus 41%; if worst performer finishes below 90% but above 65% of initial level, par; if any index falls by more than 35%, investors will be exposed to the decline of the worst performing index from its initial level
|
| Call: | If each index closes at or above initial level on any annual observation date, notes will be called at par plus 8.2% per year
|
| Initial index levels: | 2,294.742 for Russell, 4,071.75 for Stoxx
|
| Trigger buffer levels: | 65% of initial levels
|
| Pricing date: | June 1
|
| Settlement date: | June 4
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.125%
|
| Cusip: | 40057HFS4
|
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