By Marisa Wong
Morgantown, W.Va., April 29 – GS Finance Corp. priced $3.05 million of 0% autocallable notes due March 1, 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 16% if the index closes at or above its initial level on any semiannual review date after one year.
The payout at maturity will be par plus 30.67% if the index finishes at or above its initial level. Investors will be fully exposed to any decline in the index.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying index | Euro Stoxx 50 index
|
| Amount: | $3.05 million
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| Maturity: | March 1, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its initial level, par plus 30.67%; full exposure to any index decline
|
| Call: | At par plus 16% a year if index closes at or above initial level on April 14, 2020 or Oct. 2, 2020
|
| Initial level: | 3,395.70
|
| Pricing date: | April 2
|
| Settlement date: | April 9
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.6%
|
| Cusip: | 40056F5B7
|
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