By Wendy Van Sickle
Columbus, Ohio, July 2 – GS Finance Corp. priced $2.21 million of 0% autocallable index-linked notes due July 12, 2027 tied to the BlackRock Dynamic Factor 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 called at par plus 5% a year if the index closes at or above its call level on any annual call date. The call level will be 102.75% of the initial level on the first call date and will step up by 275 basis points a year.
The payout at maturity will be par plus any gain in the index. Otherwise, the payout will be par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | BlackRock Dynamic Factor index
|
| Amount: | $2,206,000
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| Maturity: | July 12, 2027
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Call: | At par plus 5% a year if index closes at or above call level on any annual call date
|
| Call level: | 102.75% of initial level on first call date; steps up by 275 bps a year
|
| Payout at maturity: | Par plus any index gain; otherwise, par
|
| Initial level: | 1,037.82
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.15%
|
| Cusip: | 40057C7B1
|
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