By William Gullotti
Buffalo, N.Y., Aug. 12 – GS Finance Corp. priced $1.08 million of 0% autocallable underlier-linked notes due May 21, 2024 linked to the S&P 500 index and the VanEck Vectors Gold Miners ETF, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus an 18% annualized call premium if the lesser-performing asset closes at or above its initial level on any semiannual call date.
If the lesser-performing asset finishes at or above its initial level, the payout at maturity will be par plus 54%. If the lesser-performing asset falls by up to 30%, the payout will be par. Otherwise, investors will be exposed to the lesser-performing asset’s decline from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable underlier-linked notes
|
| Underlying assets: | S&P 500 index and VanEck Vectors Gold Miners ETF
|
| Amount: | $1.08 million
|
| Maturity: | May 21, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | Automatically at par plus an 18% annualized call premium if lesser-performing asset closes at or above initial level on any semiannual call observation date
|
| Payout at maturity: | If the lesser-performing asset finishes at or above initial level, par plus 54%; if the final lesser-performing asset falls by up to 30%, the payout will be par; otherwise, investors will be fully exposed to the lesser-performing asset’s decline from its initial level
|
| Initial levels: | 4,173.85 for index, $37.84 for fund
|
| Trigger buffer levels: | 70% of initial levels
|
| Pricing date: | May 14
|
| Settlement date: | May 19
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.72%
|
| Cusip: | 40057HCD0
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