By Kiku Steinfeld
Chicago, July 28 – GS Finance Corp. priced $2.92 million of 0% autocallable index-linked notes due July 26, 2022 tied to the Dow Jones industrial average and 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 an 3.5% annualized premium if the indexes close at or above their initial levels on July 21, 2021.
If the notes are not called and each index closes at or above its initial level, the payout at maturity will be par plus twice the lesser performing index.
If the lesser performing index finishes below its initial level but at 75% or more of its initial level, the payout will be par.
If either index falls by more than 25% of initial level, investors will be exposed to any losses of the worst-performing index beyond 25%.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
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| Underlying indexes: | Dow Jones industrial average and S&P 500
|
| Amount: | $2,919,000
|
| Maturity: | July 26, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If notes are not called, and if each index closes at above initial level, par plus twice lesser performing index; if lowest performing index finishes below initial level but at or above 75% of initial level, par; if either index falls by more than 25%, par plus return of worst-performing index with exposure to losses beyond 25%
|
| Call: | At par plus 3.5% per year if both indexes close at or above initial levels on July 21, 2021
|
| Initial levels: | 26,840.40 for Dow, 3,257.30 for S&P
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| Pricing date: | July 21
|
| Settlement date: | July 24
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 0.575%
|
| Cusip: | 40057CGT2
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