By William Gullotti
Buffalo, N.Y., June 15 – GS Finance Corp. priced $2.18 million of 0% autocallable index-linked notes due May 28, 2024 tied to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on any annual call observation, the notes will be called at par plus 8.7%.
If the notes are not called and each index finishes at or above its initial level, the payout will par plus 26.1%.
If the worst performer finishes below its initial level but above 65% of its initial level, the payout will be par.
If any index falls by more than 35%, investors will be exposed to the losses of the lesser-performing index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | S&P 500 index, Russell 2000 index
|
| Amount: | $2,183,000
|
| Maturity: | May 28, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, par plus 26.1%; if worst performer finishes below initial level but above 65% of initial level, par; if any index falls by more than 35%, investors will be exposed to the losses of the lesser-performing index from its initial level
|
| Call: | If each index closes at or above initial level on any annual observation date, notes will be called at par plus 8.7% per year
|
| Initial index levels: | 4,159.12 for S&P, 2,207.76 for Russell
|
| Trigger buffer levels: | 65% of initial levels
|
| Pricing date: | May 20
|
| Settlement date: | May 25
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 40057HDE7
|
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