By Sarah Lizee
Olympia, Wash., June 29 – GS Finance Corp. priced $1.62 million of 0% autocallable index-linked notes due June 26, 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 10.85% 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 43.4%.
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.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable index-linked notes
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Underlying index: | S&P 500
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Amount: | $1,622,000
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Maturity: | June 26, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the notes are not called and the index finishes at or above its initial level par plus 43.4%; if index falls by up to 25%, par; otherwise, investors will be exposed to any losses
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Call: | At par plus 10.85% per year if index closes at or above initial level on an annual observation date
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Initial level: | 3,097.74
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Barrier level: | 75% of initial level
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Pricing date: | June 19
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Settlement date: | June 24
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.3%
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Cusip: | 40057CA92
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