Chicago, May 28 – GS Finance Corp. priced $1.34 million of autocallable contingent coupon notes due May 24, 2029 linked to the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent quarterly coupon of 7.6% per annum if each index closes at or above its 70% coupon trigger level on the determination date for that quarter.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date beginning in May 2020.
The payout at maturity will be par unless any index finishes below 70% of its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying indexes: | S&P 500, Euro Stoxx 50, Russell 2000
|
| Amount: | $1,342,000
|
| Maturity: | May 24, 2029
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| Contingent coupon: | 7.6% annualized, payable quarterly if each index closes at or above 70% coupon trigger level on the determination date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless any index finishes below 70% of its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level
|
| Call: | Automatically at par plus contingent coupon if each index closes at or above initial level on any quarterly call observation date beginning in May 2020
|
| Initial index levels: | 2,859.53 for S&P, 3,425.64 for Stoxx and 1,535.763 for Russell
|
| Coupon trigger levels: | 70% of initial levels
|
| Pricing date: | May 17
|
| Settlement date: | May 22
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 4.95%
|
| Cusip: | 40056FHD0
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