By Angela McDaniels
Tacoma, Wash., Aug. 9 – GS Finance Corp. priced $266,000 of 0% autocallable notes due Aug. 2, 2024 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium of 5% per year if each index closes at or above its initial level on any annual call observation date.
If the notes are not called and the final level of each index is greater than or equal to 80% of its initial level, the payout at maturity will be par plus 25%.
If the final level of either index is less than 80% of its initial level, investors will lose 1% for every 1% that the lesser-performing index declines beyond 20%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable notes
|
| Underlying indexes: | Russell 2000 and S&P 500
|
| Amount: | $266,000
|
| Maturity: | Aug. 2, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If notes are not called and final level of each index is greater than or equal to 80% of initial level, par plus 25%; if final level of either index is less than 80% of initial level, 1% loss for each 1% that lesser-performing index declines beyond 20%
|
| Call: | Automatically at par plus call premium of 5% per year if each index closes at or above initial level on any annual call observation date
|
| Initial levels: | 1,578.967 for Russell 2000 and 3,025.86 for S&P 500
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.35%
|
| Cusip: | 40056FR64
|
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