Chicago, Aug. 10 – GS Finance Corp. priced $8 million of autocallable contingent coupon index-linked notes due April 30, 2025 tied to the S&P 500 index, the Euro Stoxx 50 index and the Nasdaq-100 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 quarterly coupon at an annual rate of 10.5% if each index closes at or above the coupon trigger level, 70% of the initial level, on the valuation date for that period.
The notes will be called at par plus a coupon if each index closes at or above its initial index level on any quarterly call observation date.
If the notes are not called and each index finishes at or above 65% of its initial level the payout will be par plus any coupon due.
Otherwise, investors will be fully exposed to the losses of the worst performer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon index-linked notes
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| Underlying indexes: | S&P 500 index, Euro Stoxx 50 index, Nasdaq-100 index
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| Amount: | $8,000,000
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| Maturity: | April 30, 2025
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| Coupon: | 10.5% annualized rate, payable quarterly if each index closes at or above coupon trigger level on valuation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par if all indexes finish above trigger buffer levels; otherwise, full exposure to losses of worst performer
|
| Call: | At par plus coupon if each index closes at or above initial level on any quarterly call observation date
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| Initial index levels: | 4,567.46 for S&P, 15,561.42 for Nasdaq, 4,391.30 for Stoxx
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| Coupon trigger levels: | 70% of initial levels
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| Trigger buffer levels: | 65% of initial levels
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| Pricing date: | July 26
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| Settlement date: | July 31
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0%
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| Cusip: | 40057TNS9
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