By Sarah Lizee
Olympia, Wash., May 22 – GS Finance Corp. priced $1.2 million of 0% autocallable index-linked notes due May 26, 2027 tied to the Nasdaq-100 Technology Sector index 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 an 8% 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 56%.
If either index either index falls by up to 20%, the payout will be par.
Otherwise, investors will be exposed to any losses of the lesser performing index beyond 20%.
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: | Nasdaq-100 Technology Sector index, S&P 500 index
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Amount: | $1,196,000
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Maturity: | May 26, 2027
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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 56%; if either index either index falls by up to 20%, par; otherwise, exposure to any losses of the lesser performing index beyond buffer
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Call: | At par plus an 8% 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: | 2,922.94 for S&P, 5,370.009 for Nasdaq
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Buffer levels: | 80% of initial levels
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Pricing date: | May 19
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Settlement date: | May 22
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 4.15%
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Cusip: | 40057C2W0
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