By Sarah Lizee
Olympia, Wash., April 22 – GS Finance Corp. priced $891,000 of 0% autocallable index-linked notes due April 23, 2025 tied to the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an 8% annualized premium if each index closes at or above its initial level on any annual call observation date.
If the notes are not called and each index closes at or above its initial level, the payout at maturity will be par plus 40%.
If either index falls by up to 40%, the payout will be par.
If either index falls by more than 40%, investors will be exposed to any losses of the least-performing index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying indexes: | S&P 500, Dow Jones industrial average
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| Amount: | $891,000
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| Maturity: | April 23, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and each index closes at or above its initial level, par plus 40%; if either index falls by up to 40%, par; if either index falls by more than 40%, investors will be exposed to any losses of the least-performing index
|
| Call: | At par plus 8% annualized if each index closes at or above its initial level on any annual call observation date
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| Initial index levels: | 23,537.68 for Dow, 2,799.55 for S&P
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| Barrier levels: | 60% of initial levels
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| Pricing date: | April 16
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| Settlement date: | April 21
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.45%
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| Cusip: | 40056YZ72
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