By Marisa Wong
Morgantown, W.Va., June 6 – GS Finance Corp. priced $800,000 of 0% bearish autocallable notes due May 19, 2021 linked to the S&P 500 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 plus an annualized premium of 8% if the index closes at or below its initial level on any semiannual observation date.
If the notes are not called and the index finishes at or below 115% of its initial level, the payout will be the maximum settlement amount of $1,160 per $1,000 principal amount. If the index gains by more than 15%, investors will lose 1% for every 1% gain in the index.
The underwriter is Goldman Sachs & Co. LLC. JPMorgan is the placement agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Bearish autocallable notes
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| Underlying index: | S&P 500
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| Amount: | $800,000
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| Maturity: | May 19, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or below 115% of its initial level, par plus 16%; otherwise, 1% loss for every 1% gain in the index
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| Call: | Automatically at par plus an annualized premium of 8% if the index closes at or below its initial level on any semiannual observation date
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| Initial level: | 2,881.40
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| Final level: | Average of closing levels on five trading days ending May 14, 2021
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| Pricing date: | May 10
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| Settlement date: | May 15
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| Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
|
| Fees: | 1.675%
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| Cusip: | 40056FGX7
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