By Kiku Steinfeld
Chicago, June 23 – GS Finance Corp. priced $167,000 of autocallable contingent coupon notes due March 19, 2021 linked to the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent quarterly coupon of 19.25% per annum if each index closes at or above its 70% coupon trigger level on the observation date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any observation date.
The payout at maturity will be par unless any index closes below 70% of its initial level during the life of the notes and any index finishes below its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level.
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 contingent coupon notes
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Underlying indexes: | S&P 500, Euro Stoxx 50, Russell 2000
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Amount: | $167,000
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Maturity: | March 19, 2021
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Contingent coupon: | 19.25% annualized, payable quarterly if each index closes at or above 70% coupon trigger level on the observation date for that quarter
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Price: | Par
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Payout at maturity: | Par unless any index closes below 70% of its initial level during the life of the notes and any index finishes below its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level
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Call: | Automatically at par if each index closes at or above initial level on any observation date
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Initial index levels: | 3,190.14 for S&P 500, 3,293.71 for Euro Stoxx 50 and 1,387.685 for Russell
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Coupon trigger levels: | 70% of initial levels
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Agent: | Goldman Sachs & Co. LLC
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Pricing date: | June 12
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Settlement date: | June 17
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Fees: | 0.4%
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Cusip: | 40057CAU5
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