By Kiku Steinfeld
Chicago, June 2 – GS Finance Corp. priced $900,000 of 0% autocallable buffered index-linked notes due June 3, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes aree guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus an annualized call premium of 8.4% if the index closes at or above the initial index level on any annual call date.
If the notes are not called and the index return is zero or positive, the payout at maturity will be par plus the greater of 30% and the index return. Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% loss beyond 15%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable buffered index-linked notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $900,000
|
| Maturity: | June 3, 2025
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If index return is zero or positive, par plus greater of 30% and index return; if index falls by up to 15%, par; 1% loss for each 1% decline beyond 15%
|
| Call: | Par plus annualized call premium of 8.4% if index closes at or above initial index level on any annual observation date
|
| Initial level: | 3,051.08
|
| Buffer level: | 85% of initial level
|
| Pricing date: | May 27
|
| Settlement date: | May 29
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.75%
|
| Cusip: | 40057C3W9
|
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