By Taylor Fox
New York, Aug. 30 – GS Finance Corp. priced $10.08 million of 0% autocallable index-linked notes due March 3, 2026 tied to the S&P 500 Value index and the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 10% annualized premium if both indexes close above their initial levels on any quarterly call payment date starting after six months.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus the maturity date premium of 50%.
If the worst performer declines but finishes above 75% of its initial level, the payout will be par.
If either index falls by more than 25%, investors will be fully exposed to any losses of the lesser-performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | S&P 500 Value index and the FTSE 100 index
|
| Amount: | $10,075,000
|
| Maturity: | March 3, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 50% maturity date premium if both indexes finish above initial levels; par if worst performer declines but finishes above trigger buffer level; otherwise, full exposure to losses of worst performer
|
| Call: | 10% annualized premium if both indexes close above initial levels on any quarterly call date starting after six months
|
| Initial index levels: | 1,358.78 for S&P and 6,658.97 for FTSE
|
| Trigger buffer levels: | 75% of initial levels
|
| Pricing date: | Feb. 24
|
| Settlement date: | Feb. 26
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.25%
|
| Cusip: | 40057FKJ2
|
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