By Marisa Wong
Morgantown, W.Va., March 26 – GS Finance Corp. priced $200,000 of autocallable contingent coupon notes due Sept. 23, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each month, the notes pay a contingent coupon at the rate of 5.25% per year if the index closes at or above 80% of its initial level on the determination date for that month.
After one year, if the index closes at or above its initial level on any monthly determination date, the notes will be automatically called at par.
If the index finishes at or above 80% of its initial level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will lose 1% for every 1% index decline beyond 20%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying index: | Euro Stoxx 50
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| Amount: | $200,000
|
| Maturity: | Sept. 23, 2025
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| Coupon: | 5.25% per year, payable each month that index closes at or above its coupon trigger on the determination date for that month
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon unless index falls by more than 20%, in which case 1% loss for every 1% drop beyond 20%
|
| Call: | Automatically at par if the index closes at or above its initial level on any determination date after one year
|
| Initial level: | 3,437.40
|
| Coupon trigger: | 2,749.92, 80% of initial level
|
| Pricing date: | March 16
|
| Settlement date: | March 21
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 5.15%
|
| Cusip: | 40055ASJ7
|
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