By William Gullotti
Buffalo, N.Y., July 6 – GS Finance Corp. priced $3.53 million of 0% autocallable index-linked notes due Jan. 7, 2025 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 an 8.2% annualized call premium if the index closes at or above its initial level on any quarterly valuation date after six months.
If the notes are not called and the index finishes flat or positive, the payout at maturity will be par plus 12.3%.
Investors will receive par if the index declines by no more than 15% and will be fully exposed to loss if it declines by more than 15%.
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: | $3,526,000
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Maturity: | Jan. 7, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above its initial level, par plus 12.3%; if the index falls by no more than 15%, par; otherwise, full exposure to index decline from initial level
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Call: | At par plus an 8.2% annualized call premium if index closes at or above initial level on any quarterly valuation date after six months
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Initial level: | 4,396.44
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Pricing date: | June 29
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Settlement date: | July 5
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 2%
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Cusip: | 40057TEC4
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