By Wendy Van Sickle
Columbus, Ohio, Dec. 24 – GS Finance Corp. priced $943,000 of 0% autocallable index-linked notes due Dec. 19, 2022 tied to 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.
If the index closes above its initial level on an annual call observation date, the notes will be automatically redeemed at par plus a 9.1% annual call premium. The call observation dates are Dec. 11, 2020 or Dec. 13, 2021.
If the index closes above its initial level, the payout at maturity will be par plus 27.3%.
If the index finishes flat or falls by up to 25%, investors will receive par.
Investors will be fully exposed to any losses in the index should it finish at less than 75% of its initial level.
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: | Euro Stoxx 50
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Amount: | $943,000
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Maturity: | Dec. 19, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index closes above initial level, par plus 27.3%; if index finishes flat or falls by up to 25%, par; full exposure to losses beyond 25%
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Call: | Automatically at par plus 9.1% annual call premium if the index closes above its initial value on either Dec. 11, 2020 or Dec. 13, 2021
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Initial level: | 3,687.45
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Pricing date: | Dec. 11
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Settlement date: | Dec. 16
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.45%
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Cusip: | 40056XTZ9
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