By Wendy Van Sickle
Columbus, Ohio, April 9 – GS Finance Corp. priced $8.1 million of 0% autocallable index-linked notes due April 14, 2026 tied to the least performing of the Russell 2000 index and the FTSE 100 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 plus an annualized premium of 10% if each index closes above its initial level on any quarterly call date after six months.
The payout at maturity will be $1,500 for each $1,000 note if both indexes finish at or their initial levels.
If the least performing index finishes falls but not by more than 25%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the least performing index declines from 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 indexes: | Russell 2000 index, FTSE 100 index
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| Amount: | $8.1 million
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| Maturity: | April 14, 2026
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 10% annualized premium if both indexes close above initial level on any quarterly call date after six months
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| Payout at maturity: | $1,500 for each $1,000 note if both indexes finish at or above initial level; par if least performing index falls but not below 75% of its initial level; otherwise, 1% loss for every 1% decline of least performing index
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| Initial levels: | 6,823.55 for FTSE, 2,259.153 for Russell
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| Pricing date: | April 6
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| Settlement date: | April 9
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.841%
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| Cusip: | 40057FXA7
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