By Wendy Van Sickle
Columbus, Ohio, July 30 – GS Finance Corp. priced $26.21 million of 0% jump securities with autocallable feature due July 31, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an annual call premium of 11% if the index closes above its initial level on any quarterly call observation date after one year.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus 55%.
If the index falls by up to 25%, the payout will be par.
If the index finishes below its 75% downside threshold, investors will be fully exposed to any losses.
Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Jump securities with autocallable feature
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $26,207,500
|
| Maturity: | July 31, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 11% per year if index closes above initial level on any quarterly call observation date after one year
|
| Payout at maturity: | If index gains or finishes flat, par plus 55%; if index falls by up to 25%, par; otherwise, 1% loss for each 1% decline
|
| Initial index level: | 3,524.47
|
| Downside threshold: | 2,643.3525, 75% of initial level
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agent: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.6%
|
| Cusip: | 36257W277
|
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