By Kiku Steinfeld
Chicago, May 18 – GS Finance Corp. priced $1.11 million of 0% autocallable index-linked notes due May 14, 2025 tied to the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 8.25% annualized premium if both indexes close at or above their initial index levels on any annual observation date.
At maturity, if the return of both indexes is greater than or equal to their initial levels, the payout will be par plus 41.25%.
If either index either index falls by up to 40%, the payout will be par.
Otherwise, investors will be exposed to any losses of the lesser performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
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 indexes: | Russell 2000, S&P 500
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| Amount: | $1,114,000
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| Maturity: | May 14, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the return of both indexes is greater than or equal to their initial levels, par plus 41.25%; if either index either index falls by up to 40%, par; otherwise, exposure to any losses of the lesser performing index
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| Call: | At par plus a 8.25% annualized premium if both indexes close at or above their initial index levels on any annual observation date
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| Initial index levels: | 23,875.89 for Dow Jones and 2,881.19 for S&P 500
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| Pricing date: | May 7
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| Settlement date: | May 12
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.45%
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| Cusip: | 40057E5N3
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