By Wendy Van Sickle
Columbus, Ohio, Aug. 9 – GS Finance Corp. priced $12.09 million of 0% autocallable trigger jump securities due Aug. 3, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus a premium of 12% a year if the index closes above its initial level on any annual review date.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par of $10 plus 60%.
If the index declines by up to 15%, the payout will be par. If the index declines by more than 15%, investors will lose 1% for every 1% that the index declines from its initial level.
Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Jump securities with autocallable feature
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| Underlying index: | Euro Stoxx 50
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| Amount: | $12,085,380
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| Maturity: | Aug. 3, 2022
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 12% a year if index closes above initial level on any annual review date
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| Payout at maturity: | If the final index level is greater than or equal to the initial index level, par plus 60%; if the index declines by up to 15%, par; otherwise, 1% loss for every 1% that the index declines from its initial level
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| Initial index level: | 3,449.36
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| Downside threshold: | 2,931.956, 85% of initial level
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| Pricing date: | July 31
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| Settlement date: | Aug. 3
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| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 3.85%
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| Cusip: | 36253M372
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