By Sarah Lizee
Olympia, Wash., June 20 – GS Finance Corp. priced $10 million of 0% jump securities with autocallable feature due June 21, 2029 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 called at par plus 16.6% a year if the index closes above its initial level on any annual call observation date starting June 23, 2020.
At maturity, if the index return is positive or flat, the payout at maturity will be par plus 166%. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Jump securities with autocallable feature
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $10 million
|
| Maturity: | June 21, 2029
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index return is positive or flat, par plus 166%; otherwise, investors will lose 1% for every 1% that the index declines from its initial level
|
| Call: | At par plus annual premium of 16.6% if index closes at or above initial level on any annual call observation date starting June 23, 2020
|
| Initial level: | 3,452.89
|
| Pricing date: | June 18
|
| Settlement date: | June 21
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.7%
|
| Cusip: | 36257D873
|
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