By William Gullotti
Buffalo, N.Y., June 15 – GS Finance Corp. priced $2.59 million of 0% autocallable index-linked notes due May 25, 2027 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.
If the index closes at or above its initial level on any annual call observation date, the notes will be called at par plus an annualized premium of 5.4%.
If the notes are not called and the index finishes flat or positive, the payout at maturity will be par plus 32.4%.
Otherwise, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,587,000
|
| Maturity: | May 25, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus 32.4%; otherwise, full exposure to the losses of the index
|
| Call: | If the index closes at or above initial level on any annual observation date, notes will be called at par plus 5.4% per year
|
| Initial level: | 4,159.12
|
| Pricing date: | May 20
|
| Settlement date: | May 25
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 40057HED8
|
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