By Wendy Van Sickle
Columbus, Ohio, June 12 – GS Finance Corp. priced $10.07 million of 0% autocallable buffered notes due June 11, 2021 linked to the Euro Stoxx 50 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 an annualized call premium of 10% if the index closes at or above the initial index level on any semiannual call observation date after a year.
If the notes are not called and the index return is at least 95% of the initial level, the payout at maturity will be $1,300 per $1,000 principal amount. Investors will receive par if the index declines by more than 5% but less than 20% and will lose 1.25% for each 1% decline beyond 20%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable buffered index-linked notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $10.07 million
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| Maturity: | June 11, 2021
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If index return is at least negative 5%, $1,300 per note; if index declines by more than 5% but less than 20%, par; 1.25% loss for each 1% decline beyond 20%
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| Call: | Automatically at par plus annualized premium of 10% if index closes at or above initial index level any semiannual call observation date after one year
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| Initial level: | 3,447.3
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| Pricing date: | June 8
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| Settlement date: | June 13
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| Agent: | Goldman, Sachs & Co.
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| Fees: | 0.425%
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| Cusip: | 40055F80
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