By Susanna Moon
Chicago, Sept. 22 – GS Finance Corp. priced $750,000 of 0% autocallable notes due Sept. 20, 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 an annual call premium of 11.5% if the index closes above its initial level on any quarterly review date.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the maturity date premium of 57.5%.
If the index declines by up to 30%, the payout will be par.
If the index finishes below it s70% trigger level, investors will be fully exposed to any losses.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $750,000
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| Maturity: | Sept. 20, 2022
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 11.5% per year if index closes above initial level on any quarterly review date
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| Payout at maturity: | If index gains, par plus 57.5%; if index falls by up to 30%, par; otherwise, 1% loss for each 1% decline
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| Initial index level: | 3,515.55
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| Trigger level: | 70% of initial level
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| Pricing date: | Sept. 15
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| Settlement date: | Sept. 20
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.35%
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| Cusip: | 40054LT87
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