By Marisa Wong
Los Angeles, April 8 – GS Finance Corp. priced $8.1 million of autocallable contingent coupon index-linked notes due April 7, 2027 linked to the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each month, the notes will pay a contingent coupon at the rate of 10.25% per year if each underlying asset closes at or above its coupon trigger level, 75% of its initial level, on the observation date for that period.
The notes will be automatically called at par if each underlying asset closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par plus the contingent coupon, if any, unless the least performing asset finishes below its buffer level, 70% of its initial level, in which case investors will lose 1.4286% for each 1% decline of the least performing asset beyond the 30% buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon index-linked notes
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| Underlying assets: | Russell 2000 index, S&P 500 index and Euro Stoxx 50
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| Amount: | $8.1 million
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| Maturity: | April 7, 2027
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| Coupon: | 10.25% per year, payable each month that each underlying asset closes at or above coupon trigger level on observation date for that period
|
| Price: | Par
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| Payout at maturity: | Par plus contingent coupon, if any, unless least performing asset finishes below buffer level, in which case 1.4286% loss for each 1% decline of least performing asset beyond 30% buffer
|
| Call: | Automatically at par if each underlying asset closes at or above initial level on any quarterly observation date
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| Initial levels: | 2,065.037 for Russell, 5,205.81 for S&P and 5,042.00 for Euro Stoxx
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| Coupon barrier levels: | 75% of initial levels
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| Final barrier levels: | 70% of initial levels
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| Pricing date: | April 2
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| Settlement date: | April 5
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0%
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| Cusip: | 40057YYD9
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