By Sarah Lizee
Olympia, Wash., Aug. 14 – GS Finance Corp. priced $5 million of 0% autocallable index-linked notes due Aug. 13, 2029 tied to the Euro Stoxx 50 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 17.2% annualized premium if the index closes at or above its initial level on an annual observation date.
If the notes are not called, the payout at maturity will be par plus 172% if the index closes at or above its initial level.
Otherwise, investors will be exposed to any losses.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $5 million
|
| Maturity: | Aug. 13, 2029
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its initial level, par plus 172%; full exposure to losses
|
| Call: | At par plus 17.2% per year if index closes at or above initial level on an annual observation date
|
| Initial level: | 3,375.38
|
| Pricing date: | Aug. 9
|
| Settlement date: | Aug. 14
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.4%
|
| Cusip: | 40056X3N4
|
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