By Wendy Van Sickle
Columbus, Ohio, June 15 – GS Finance Corp. priced $1.55 million of 0% autocallable buffered notes due June 17, 2021 linked to the Nikkei 225 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 automatically called at par plus an annualized call premium of 11.25% if the index closes at or above the initial index level on any annual call observation date.
If the notes are not called and the index return is at least 95% of the initial level, the payout at maturity will be par plus the greater of 30% and the index return. Investors will be exposed to index declines beyond 5%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable buffered index-linked notes
|
| Underlying index: | Nikkei 225
|
| Amount: | $1,547,000
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| Maturity: | June 17, 2021
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| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If index return is at least negative 5%, par plus greater of 30% and index return; exposure to index declines beyond 5%
|
| Call: | Automatically at par plus annualized premium of 11.25% if index closes at or above initial index level any annual call observation date
|
| Initial level: | 22,878.35
|
| Pricing date: | June 12
|
| Settlement date: | June 15
|
| Agent: | Goldman, Sachs & Co.
|
| Fees: | 2.5%
|
| Cusip: | 40055QFC1
|
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