By William Gullotti
Buffalo, N.Y., April 5 – GS Finance Corp. priced $1.28 million of 0% autocallable ETF-linked notes due April 7, 2027 tied to the iShares Russell 2000 Value ETF and the SPDR S&P Regional Banking ETF, according to a 424B2 filing 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 11.7% annualized call premium if each ETF closes at or above its initial value on any annual observation date.
If the return of each ETF is zero or positive, the payout at maturity will par plus 58.5%.
If the worst performer falls by up to 40%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.
Goldman, Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable ETF-linked notes
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| Underlying ETFs: | iShares Russell 2000 Value ETF, SPDR S&P Regional Banking ETF
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| Amount: | $1,277,000
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| Maturity: | April 7, 2027
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the return of each fund is flat or positive, par plus 58.5%; if worst performer falls by up to 40%, par; otherwise, 1% loss for every 1% decline of worst performer from its initial level
|
| Call: | Automatically at par plus an 11.7% annualized call premium if each ETF closes at or above initial value on any annual observation date
|
| Initial values: | $161.40 for Russell ETF, $68.90 for Banking ETF
|
| Barrier levels: | 60% of initial levels
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| Pricing date: | March 31
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| Settlement date: | April 5
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| Agent: | Goldman, Sachs & Co. LLC
|
| Fees: | 0.5%
|
| Cusip: | 40057LM32
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