By Kiku Steinfeld
Chicago, May 18 – GS Finance Corp. priced $495,000 of 0% autocallable index-linked notes due May 12, 2031 tied to the BlackRock Dynamic Factor index, according to a 954B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus 5% a year if the index closes at or above its call level on any annual call date. The call level will be 102% of the initial level on the first call date and will step up by 200 basis points a year.
The payout at maturity will be par plus any gain in the index. Otherwise, the payout will be par.
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: | BlackRock Dynamic Factor index
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Amount: | $495,000
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Maturity: | May 12, 2031
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Coupon: | 0%
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Price: | Par of $1,000
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Call: | At par plus 5% a year if index closes at or above call level on any annual call date
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Call level: | 102% of initial level on first call date; steps up by 200 bps a year
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Payout at maturity: | Par plus any index gain; otherwise, par
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Initial level: | 1,053.69
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Pricing date: | April 27
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Settlement date: | April 30
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.5%
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Cusip: | 40057FWV2
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