By Wendy Van Sickle
Columbus, Ohio, Oct. 6 – GS Finance Corp. priced $1.1 million of 0% market-linked autocallable securities with contingent coupon and contingent downside due Oct. 7, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent monthly interest payment at the rate of 7.8% per year if the index closes at or above the coupon barrier level, 75% of the initial level, on the observation date for that period.
The notes will be automatically called at par plus coupon if the index closes at or above initial levels on any monthly observation date after one year.
The payout at maturity will be par plus the final coupon, if any, unless the index falls by more than 50%, in which case investors lose 1% for every 1% decline from its initial level.
Goldman Sachs & Co. LLC and Wells Fargo Advisors are the agents.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Market-linked autocallable securities with contingent coupon and contingent downside
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| Underlying index: | S&P 500 index
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| Amount: | $1.1 million
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| Maturity: | Oct. 7, 2027
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| Coupon: | 7.8% annual rate, payable monthly if the index closes at or above coupon barrier level on the relevant observation date
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| Level: | Par
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| Payout at maturity: | Par plus final coupon, if any, unless the index falls by more than 50%, in which case full exposure to decline from initial level
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| Call: | Automatically at par plus coupon if the index closes at or above initial level on any monthly observation date after one year
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| Initial level: | 3,678.43
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| Coupon barrier: | 75% of initial level
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| Threshold level: | 50% of initial level
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| Pricing date: | Oct. 3
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| Settlement date: | Oct. 6
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| Agents: | Goldman Sachs & Co. LLC and Wells Fargo Advisors
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| Fees: | 2.525%
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| Cusip: | 40057NFA0
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