By Sarah Lizee
Olympia, Wash., July 6 – GS Finance Corp. priced $351,000 of 0% autocallable index-linked notes due July 10, 2030 tied to the S&P 500 Daily Risk Control 5% USD Excess Return 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 called at par plus a 5.15% annualized premium if the index closes at or above its call level on an annual observation date. The call level will be 102.5% of the initial level on the first call date, stepping up by 2.5% each year.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus the return of the index.
Otherwise, the payout will be par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying index: | S&P 500 Daily Risk Control 5% USD Excess Return
|
| Amount: | $351,000
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| Maturity: | July 10, 2030
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and the index finishes at or above its initial level, par plus return of index; otherwise, par
|
| Call: | At par plus 5.15% per year if index closes at or above call level on an annual observation date; call level will be 102.5% of the initial level on the first call date, stepping up by 2.5% each year
|
| Initial level: | 147.05
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.2%
|
| Cusip: | 40057C6F3
|
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