Chicago, June 15 – GS Finance Corp. priced $4.44 million of 0% jump securities with autocallable feature due June 5, 2029 linked to the worst performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an annual premium of 9.6% if each index closes at or above its initial level on any quarterly observation date starting after one year.
At maturity, if the notes have not been called and each index finishes above its initial level, the payout will be par plus the 57.6% maturity date premium.
If the worst performing index declines but finishes above its 80% downside threshold level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performer.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Jump securities with autocallable feature
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| Underlying indexes: | S&P 500 index and the Russell 2000 index
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| Amount: | $4,441,000
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| Maturity: | June 5, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 57.6% maturity date premium if all indexes close above initial level; par if any index declines but finishes above 80% downside threshold level; otherwise, investors will be fully exposed to worst performing index’s decline
|
| Call: | At par plus an annual premium of 9.6% if each index closes at or above its initial level on any quarterly observation date starting after one year
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| Initial levels: | 4,179.83 for S&P and 1,749.65 for Russell
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| Downside threshold level: | 3,343.864 for S&P and 1,399.72 for Russell; 80% of initial levels
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| Pricing date: | May 31
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| Settlement date: | June 5
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| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 3.5%
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| Cusip: | 40057RWU8
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