By William Gullotti
Buffalo, N.Y., March 31 – GS Finance Corp. priced $19.58 million of 0% trigger autocallable notes due March 29, 2028 linked 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.
The notes will be automatically called at par of $10 plus a call return of 10.25% per year if the index closes at or above its initial level on any quarterly call observation date after one year.
If the index’s final level is greater than or equal to its initial level, the payout at maturity will be par plus 51.25%.
Investors will receive par if the index declines by up to 30% and will have full exposure to index decline if it declines by more than 30%.
Goldman Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger autocallable notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $19,579,530
|
| Maturity: | March 29, 2028
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index finishes flat or positive, par plus 51.25%; par if index declines by no more than 30%; otherwise, full exposure to decline from initial level
|
| Call: | At par plus 10.25% per year if index closes at or above initial level on any quarterly call observation date after one year
|
| Initial level: | 3,970.99
|
| Downside threshold: | 2,779.69; 70% of initial level
|
| Pricing date: | March 24
|
| Settlement date: | March 29
|
| Agents: | Goldman Sachs & Co. and UBS Financial Services Inc.
|
| Fees: | 2.5%
|
| Cusip: | 36265J326
|
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