By Kiku Steinfeld
Chicago, July 6 – GS Finance Corp. priced $1 million of 0% autocallable index-linked notes due July 6, 2026 tied to the least performing of the Russell 2000 index and the Euro Stoxx index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus an annualized premium of 7.5% if each index closes above its initial level on any quarterly call date after one year.
The payout at maturity will be par plus 37.5% if both indexes finish at or above their initial levels. The payout will be par if the least performing index falls by up to 30%. Otherwise, investors will lose 1% for every 1% that the least performing index declines.
Goldman Sachs & Co. LLC 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: | Russell 2000 index, Euro Stoxx 50 index
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| Amount: | $1 million
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| Maturity: | July 6, 2026
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Call: | At par plus 7.5% annualized premium if both indexes close above initial level on any quarterly call date after one year
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| Payout at maturity: | Par plus 37.5% if both indexes finish above initial levels; par if least performing index falls by up to 30%; otherwise 1% loss for every 1% decline of least performing index
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| Initial levels: | 4,089.91 for Stoxx 2,322.336 for 4,089.91
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| Threshold levels: | 70% of initial levels
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| Pricing date: | June 28
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| Settlement date: | June 30
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.45%
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| Cusip: | 40057HQ29
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