Chicago, March 29 – GS Finance Corp. priced $80,000 of 0% autocallable index-linked notes due March 2, 2026 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 an 8% annualized premium if the indexes close at or above their initial levels on any annual call date.
If the notes are not called and each index closes at or above its initial level, the payout at maturity will be par plus 40%.
If the lesser performing index falls by up to 35%, the payout will be par.
If either index falls by more than 35%, investors will be fully 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 index and Euro Stoxx 50 index
|
| Amount: | $80,000
|
| Maturity: | March 2, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and each index closes at or above its initial level, par plus 40%; if the lesser performing index falls by up to trigger buffer level, par; if either index falls by more than trigger buffer, full exposure to any losses of the worst-performing index
|
| Call: | At par plus an 8% annualized premium if the indexes close at or above their initial levels on any annual call date
|
| Initial levels: | 2,231.314 for Russell, 3,689.10 for Stoxx
|
| Trigger buffer levels: | 65% of initial levels
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 26
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 4.475%
|
| Cusip: | 40057FEU4
|
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