By Wendy Van Sickle
Columbus, Ohio, May 18 – GS Finance Corp. priced $770,000 of 0% autocallable index-linked notes due May 23, 2022 tied to the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 14.5% annualized premium if both indexes close at or above their initial index levels on any annual call observation date.
If the notes are not called, the payout at maturity will be par plus 58% if each index closes at or above its initial level.
If either index falls by up to 30%, the payout at maturity will be par plus 10%.
If either index falls by more than 30%, investors will be exposed to any losses of the worse-performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying indexes: | Euro Stoxx 50, S&P 500
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| Amount: | $770,000
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| Maturity: | May 23, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above initial level, par plus 58%; if either index falls by up to 30%, par plus 10%; if either index falls by more than 30%, par plus return of worst-performing index, with full exposure to losses
|
| Call: | At par plus 14.5% annualized if both indexes close at or above their initial levels on any annual call observation date
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| Initial index levels: | 3,564.29 for Euro Stoxx 50 and 2,711.45 for S&P 500
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| Pricing date: | May 15
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| Settlement date: | May 22
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| Agent: | Goldman Sachs & Co.
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| Fees: | 0.3%
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| Cusip: | 40055Q6E76
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