By Susanna Moon
Chicago, March 22 – GS Finance Corp. priced $1.51 million of autocallable contingent coupon notes due March 21, 2028 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 7% if each index closes at or above its 60% coupon barrier on the observation date for that month.
The notes will be called at par if each index closes at or above its initial level on any review date after one year.
The payout at maturity will be par unless either index closes below its 60% downside threshold, in which case investors will be fully exposed to any losses of the worse performing index.
The guarantor is Goldman Sachs Group, Inc.
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 contingent coupon notes
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| Underlying indexes: | Russell 2000 and Euro Stoxx 50
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| Amount: | $1,505,000
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| Maturity: | March 21, 2028
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| Coupon: | 7% annualized, payable monthly if each index closes at or above 60% coupon barrier on review date for that month
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above 60% downside threshold, par; otherwise, 1% loss for each 1% decline of worse performing index
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| Call option: | At par if each index closes at or above its initial level on any review date from March 2019 through December 2027
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| Initial levels: | 1,584.311 for Russell and 3,390.98 for Stoxx
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| Trigger levels: | 60% of initial levels
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| Pricing date: | March 14
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| Settlement date: | March 16
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.35%
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| Cusip: | 40055ASC2
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