By Sarah Lizee
Olympia, Wash., March 16 – GS Finance Corp. priced $2.05 million of 0% autocallable index-linked notes due March 15, 2027 tied to the Russell 2000 index and the Euro Stoxx 50 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 a 15.4% annualized premium if each index closes at or above its initial level on any annual call observation date.
If the notes are not called and each index finishes at or above its initial level, the payout at maturity will be par plus 107.8%.
If the lesser performing index finishes below its initial level but at or above its trigger level, 70% of its initial level, the payout at maturity will be par.
If either index falls below its trigger level, investors will be exposed to any losses of the worst-performing index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Russell 2000 and Euro Stoxx 50
|
| Amount: | $2,054,000
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| Maturity: | March 15, 2027
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index finishes at or above its initial level, par plus 107.8%; if lowest performing index finishes below initial level but at or above trigger level, par; if either index falls below trigger level, par plus return of worst-performing index, with full exposure to losses
|
| Call: | At par plus 15.4% per year if each index closes at or above its call level on any annual call observation date
|
| Initial levels: | 1,449.221 for Russell, 3,232.07 for Stoxx
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| Trigger levels: | 70% of initial levels
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| Pricing date: | March 6
|
| Settlement date: | March 11
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.9%
|
| Cusip: | 40056YN59
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