By Wendy Van Sickle
Columbus, Ohio, May 1 – GS Finance Corp. priced $8.7 million of 0% trigger autocallable notes due April 30, 2029 linked to the S&P 500 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 automatically called at par of $10 plus a call return of 7.63% per year if the index closes at or above its initial level on any annual call observation date.
If the index’s final level is greater than or equal to its initial level, the payout at maturity will be par plus 38.15%.
Investors will receive par if the index declines by up to 25% and will have full exposure to index decline if it declines by more than 25%.
Goldman Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger autocallable notes
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| Underlying index: | S&P 500 index
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| Amount: | $8,695,000
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| Maturity: | April 30, 2029
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the index finishes flat or positive, par plus 38.15%; par if index declines by no more than 25%; otherwise, full exposure to decline from initial level
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| Call: | At par plus 7.63% per year if index closes at or above initial level on any annual call observation date
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| Initial level: | 5,048.42
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| Downside threshold: | 75% of initial level
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| Pricing date: | April 25
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| Settlement date: | April 30
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| Agents: | Goldman Sachs & Co. and UBS Financial Services Inc.
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| Fees: | 2.5%
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| Cusip: | 36268E191
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