By Wendy Van Sickle
Columbus, Ohio, June 12 – GS Finance Corp. priced $1.56 million of 0% autocallable underlier-linked notes due June 4, 2020 based on the performance of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, 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 a 9.85% annualized call premium if both components close at or above their initial levels on any semiannual call observation date.
If the notes are not called and both components finish at or above their initial levels, the payout at maturity will be $1,197 per $1,000 principal amount.
If both components finish below their initial levels but the return of each component is at least negative 20%, the payout will be par.
Otherwise, investors will lose 1.25% for each 1% loss of the lesser performing component beyond 20%.
Goldman, Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable underlier notes
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| Underlying components: | Russell 2000 index, iShares MSCI EAFE ETF
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| Amount: | $1,557,000
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| Maturity: | June 4, 2020
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If both components finish at or above their initial levels, $1,197 per $1,000 note; if both components finish below their initial levels but the return of each component is at least negative 20%, par; 1.25% loss for each 1% loss of lesser performing component beyond 20%
|
| Call: | At par plus 9.85% annual call premium if both components close at or above their initial levels on an semiannual call observation date
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| Initial levels: | 1,626.928 for index, $70.22 for ETF
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| Pricing date: | May 31
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| Settlement date: | June 5
|
| Agent: | Goldman, Sachs & Co.
|
| Fees: | 0.35%
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| Cusip: | 40055QBQ4
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