By William Gullotti
Buffalo, N.Y., May 1 – GS Finance Corp. priced $1.14 million of 0% autocallable index-linked notes due April 28, 2028 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.
The notes will be called at par plus a 7.3% annualized call premium if the index closes at or above initial level on any annual valuation date.
If the notes are not called and the index finishes positive, the payout at maturity will be par plus the index gain.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $1,135,000
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Maturity: | April 28, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above its initial level, par plus the index return; if the index finishes flat or declines, investors will receive par
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Call: | At par plus 7.3% annualized call premium if the index closes at or above initial level on any annual valuation date
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Initial level: | 4,133.52
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Pricing date: | April 21
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Settlement date: | April 26
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.72%
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Cusip: | 40057RGJ1
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