By Wendy Van Sickle
Columbus, Ohio, April 22 – GS Finance Corp. priced $760,000 of autocallable contingent coupon notes due April 23, 2024 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent quarterly coupon of 6.1% per annum if each index closes at or above its 70% coupon trigger level on the determination date for that quarter.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date after one year.
If each index finishes at or above its 50% trigger level, the payout will be par plus the final contingent coupon, if any.
Otherwise, investors will lose 1% for each 1% decline of the least-performing index.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
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| Underlying indexes: | S&P 500, Russell 2000
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| Amount: | $760,000
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| Maturity: | April 23, 2024
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| Contingent coupon: | 6.1% annualized, payable quarterly if each index closes at or above 70% coupon trigger level on the determination date for that quarter
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above 50% trigger level, par plus contingent coupon, if any; otherwise, 1% loss for each 1% decline of least-performing index
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| Call: | Automatically at par plus contingent coupon if each index closes at or above initial level on any quarterly call observation date after one year
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| Initial index levels: | 1,582.785 for Russell, 2,907.06 for S&P
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| Pricing date: | April 16
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| Settlement date: | April 22
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| Agent: | Goldman Sachs & Co.
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| Fees: | 0.85%
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| Cusip: | 40056FBS3
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