New York, March 21 – GS Finance Corp. priced $935,000 of 0% autocallable notes due March 16, 2023 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus 14% per year if both indexes closes at or above their initial levels on the annual observation dates.
The payout at maturity will be par plus 1.5 times the return on the lesser performing index if both indexes gain.
If either index declines but both indexes finish at 50% or more of their initial level then the payout at maturity will be par.
If either index declines by more than 50% then the notes will pay par less an amount proportional to the decline in the lesser performing index from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | Euro Stoxx 50 index and the Russell 2000 index
|
| Amount: | $935,000
|
| Maturity: | March 16, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If both indexes gain, par plus 1.5 times return on lesser performing index, if either index declines but both finish at 50% or more of their initial level payout will be par, if either index declines by more than 50% then exposure to losses of lesser performing index
|
| Call: | Automatically at par plus 14% if both indexes closes at or above their initial levels on annual observation dates
|
| Initial level: | 3,420.54 for Stoxx, 1,597.142 for Russell
|
| Pricing date: | March 9
|
| Settlement date: | March 14
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.85%
|
| Cusip: | 40055ASF5
|
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