By William Gullotti
Buffalo, N.Y., March 18 – GS Finance Corp. priced $8.33 million of 0% trigger autocallable notes due March 13, 2029 linked to the Euro Stoxx 50 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% 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 50%.
Investors will receive par if the index declines by up to 25% and will have full exposure to index decline if it declines by more than 25%.
Goldman Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Trigger autocallable notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $8,329,240
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Maturity: | March 13, 2029
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the index finishes flat or positive, par plus 50%; par if index declines by no more than 25%; otherwise, full exposure to decline from initial level
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Call: | At par plus 10% per year if index closes at or above initial level on any quarterly call observation date after one year
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Initial level: | 4,961.11
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Downside threshold: | 75% of initial level
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Pricing date: | March 8
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Settlement date: | March 13
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Agents: | Goldman Sachs & Co. and UBS Financial Services Inc.
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Fees: | 2.5%
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Cusip: | 36267H567
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