By Wendy Van Sickle
Columbus, Ohio, Aug. 3 – GS Finance Corp. priced $15.39 million of 0% autocallable buffered notes due Feb. 4, 2021 linked to the MSCI EAFE 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 8.6% if the index closes at or above 93% of the initial index level on any quarterly call observation date after one year.
If the notes are not called and the index return is at least 93% of the initial level, the payout at maturity will be par plus 21.5%. If the index is below 93% of its initial level, but above 80% of initial level, the payout will e par. Investors will lose 1.25% for each 1% index declines beyond 20%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable buffered index-linked notes
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| Underlying index: | MSCI EAFE
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| Amount: | $15.39 million
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| Maturity: | Feb. 4, 2021
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If index return is at least negative 7%, par plus 21.4%; if index falls by more than 7% but not more than 20%, par; 1.25% loss for each 1% index declines beyond 20%
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| Call: | Automatically at par plus annualized premium of 8.6% if index closes at or above 93% of initial index level any quarterly call observation date after a year
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| Initial level: | 1,087.46
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| Pricing date: | July 31
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| Settlement date: | Aug. 3
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| Agent: | Goldman, Sachs & Co.
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| Fees: | 0.175%
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| Cusip: | 40055QRH7
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