By Sarah Lizee
Olympia, Wash., Aug. 14 – GS Finance Corp. priced $150,000 of 0% autocallable index-linked notes due Aug. 3, 2022 tied to the S&P 500 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 10% annualized premium if the index closes at or above 90% of its initial level on an annual observation date.
If the notes are not called and the index finishes above its initial level the payout will be par plus 2 times the index return.
Otherwise, investors will be exposed to any index decline.
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 index: | S&P 500 index
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| Amount: | $150,000
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| Maturity: | Aug. 3, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and the index finishes above its initial level, par plus 2 times the index return; otherwise, investors will be exposed to any index decline
|
| Call: | At par plus 10% per year if index closes at or above 90% of initial level on an annual observation date
|
| Initial level: | 3,271.12
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| Pricing date: | July 31
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| Settlement date: | Aug. 7
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.65%
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| Cusip: | 40057CGV7
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