By Wendy Van Sickle
Columbus, Ohio, July 3 – GS Finance Corp. priced $2.73 million of 0% autocallable underlier-linked notes due July 2, 2021 based on the performance of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus an 11.25% annualized call premium if both components close at or above their initial levels on any annual call observation date.
If the notes are not called and both components finish at or above their initial levels, the payout at maturity will be $1,450 per $1,000 principal amount.
If both components finish below their initial levels but the return of each component is at least negative 30%, the payout will be $1,100 per $1,000 note.
If the return of either component is less than negative 30%, the payout will be par plus the return of the lesser performing component, with full exposure to losses.
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 underlier notes
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| Underlying components: | Euro Stoxx 50 index, iShares MSCI EAFE ETF
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| Amount: | $2.73 million
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| Maturity: | July 2, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If both components finish at or above their initial levels, $1,450 per $1,000 note; if both components finish below their initial levels but the return of each component is at least negative 30%, $1,100 per $1,000 note; if return of either component is less than negative 30%, par plus the return of the lesser performing component, with full exposure to losses
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| Call: | At par plus 11.25% annual call premium if both components close at or above their initial levels on an annual call observation date
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| Initial levels: | 3,543.68 for index, $65.14 for ETF
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| Pricing date: | June 23
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| Settlement date: | June 30
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| Agent: | Goldman, Sachs & Co.
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| Fees: | 2.55%
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| Cusip: | 40054LFX7
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