By Wendy Van Sickle
Columbus, Ohio, Sept. 30 – GS Finance Corp. priced $1.49 million of 0% autocallable index-linked notes due Oct. 12, 2029 tied to the BlackRock Dynamic Factor 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 15.1% annual call premium if the index closes at or above its call level any annual observation date. Call level starts at 102% of initial level and steps up by 2% annually.
If the notes are not called and the index finishes positive, the payout at maturity will be par plus the index gain.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | BlackRock Dynamic Factor index
|
| Amount: | $1,487,000
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| Maturity: | Oct. 12, 2029
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus the index return; if the index finishes flat or declines, investors will receive par
|
| Call: | At par plus a 15.1% annual call premium if index closes at or above call level any annual observation date; call level starts at 102% of initial level and steps up by 2% per year
|
| Initial level: | 911.5
|
| Pricing date: | Sept. 27
|
| Settlement date: | Sept. 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4%
|
| Cusip: | 40057MYX1
|
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