By Sarah Lizee
Olympia, Wash., June 11 – GS Finance Corp. priced $2.47 million of 0% bearish autocallable notes due June 16, 2021 linked to the S&P 500 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 annual premium of 6.89% on any weekly date if the closing level of the index is at or below 80% of its starting level on any observation date.
At maturity, if the final index level is less than or equal to 80% of the index's starting level, the payout will be par plus 13.65%. If the final index level is greater than the trigger level, the payout will be par.
The underwriter is Goldman Sachs & Co. LLC.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Bearish autocallable notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,467,000
|
| Maturity: | June 16, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final index level is less than or equal to 80% of the index's starting level, par plus 13.65%; if the final index level is greater than the trigger level, par
|
| Call: | Automatically called at par plus an annual premium of 6.89% on any weekly date if the closing level of the index is at or below 80% of its starting level on any observation date
|
| Initial level: | 2,873.34
|
| Trigger level: | 80% of initial level
|
| Pricing date: | June 7
|
| Settlement date: | June 12
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.925%
|
| Cusip: | 40056FJX4
|
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