By William Gullotti
Buffalo, N.Y., May 1 – GS Finance Corp. priced $3.11 million of 0% autocallable index-linked notes due April 26, 2029 tied 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 called at par plus an 8.9% annualized call premium if the index closes at or above its initial level on any annual valuation date.
If the notes are not called and the index finishes flat or positive, the payout at maturity will be par plus 44.5%.
Investors will receive par if the index falls by no more than 10% and will lose 1% for every 1% decline beyond 10%.
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 index: | S&P 500 index
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Amount: | $3,105,000
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Maturity: | April 26, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above its initial level, par plus 44.5%; if the index declines by up to 10%, par; otherwise, lose 1% for every 1% decline beyond 10%
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Call: | At par plus an 8.9% annualized call premium if index closes at or above initial level on any annual valuation date
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Initial level: | 4,967.23
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Barrier level: | 90% of initial level
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Pricing date: | April 19
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Settlement date: | April 24
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.5%
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Cusip: | 40058A3S1
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