By Sarah Lizee
Olympia, Wash., May 27 – GS Finance Corp. priced $311,000 of 0% autocallable index-linked notes due May 30, 2024 tied to the S&P 500 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 12% annualized premium if the index closes at or above its initial level on an annual observation date.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 48%.
If the index declines by up to 25%, the payout will be par.
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: | S&P 500
|
| Amount: | $311,000
|
| Maturity: | May 30, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and the index finishes at or above its initial level par plus 48%; if index falls by up to 25%, par; otherwise, investors will be exposed to any losses
|
| Call: | At par plus 12% per year if index closes at or above initial level on an annual observation date
|
| Initial level: | 2,955.45
|
| Barrier level: | 75% of initial level
|
| Pricing date: | May 22
|
| Settlement date: | May 29
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.3%
|
| Cusip: | 40057EBN6
|
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