By Wendy Van Sickle
Columbus, Ohio, July 25 – GS Finance Corp. priced $4.72 million of 0% trigger jump securities with autocallable feature due July 2, 2021 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 called at par plus an annualized premium of 8.9% if the index closes at or above its initial level on any quarterly call observation date.
If the index return is zero or positive, the payout at maturity will be par plus 26.7%.
The payout will be par if the index declines by 20% or less. If the index declines by more than 20%, investors will lose 1% for each 1% decline from the initial level.
Goldman Sachs & Co. is the agent, with Morgan Stanley Wealth Management handling distribution.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger jump securities with autocallable feature
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| Underlying index: | Euro Stoxx 50
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| Amount: | $4,715,000
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| Maturity: | July 2, 2021
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| Coupon: | 0%
|
| Price: | Par
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| Call: | At par plus annualized premium of 8.9% if index closes at or above initial level on any quarterly call observation date
|
| Payout at maturity: | If the index return is zero or positive, par plus 26.7%; par if the index declines by 20% or less; otherwise, 1% loss for each 1% decline from the initial level
|
| Initial index level: | 3,395.60
|
| Downside threshold: | 2,716.48, 80% of initial level
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| Pricing date: | June 29
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| Settlement date: | July 5
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| Underwriter: | Goldman, Sachs & Co.
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| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 2.675%
|
| Cusip: | 40055QHS4
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