By Wendy Van Sickle
Columbus, Ohio, May 24 – GS Finance Corp. priced $4.26 million of autocallable contingent coupon index-linked notes due June 13, 2024 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent monthly coupon at an annual rate of 6.55% if the index closes at or above the coupon trigger level, 70% of the initial level, on the valuation date for that period.
The notes will be called at par plus a coupon if the index closes at or above its initial level on any monthly call observation date after six months.
If the notes are not called and the index finishes at or above 70% of initial value, the payout will be par plus a coupon.
Otherwise, investors will have full exposure to the loss.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon index-linked notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $4,262,000
|
| Maturity: | June 13, 2024
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| Coupon: | 6.55% annualized rate, payable monthly if the index closes at or above coupon trigger level, on valuation date for that period
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above trigger level, par plus coupon; otherwise, full exposure to loss
|
| Call: | At par plus coupon if the index closes at or above its initial level on any monthly call observation date after six months
|
| Initial index level: | 1,749.677
|
| Trigger level: | 70% of initial levels
|
| Coupon trigger level: | 70% of initial levels
|
| Pricing date: | May 9
|
| Settlement date: | May 12
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.15%
|
| Cusip: | 40057RKC1
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