By Taylor Fox
New York, Dec. 7 – GS Finance Corp. priced $960,000 of 0% autocallable index-linked notes due Dec. 1, 2023 tied to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Starting after one year, the notes will be called at par plus an annualized 7.5% premium if both indexes close above their initial levels on any semiannual observation date.
If the notes are not called and each index closes above its initial level, the payout will be par plus 1.25 times the return of the lesser performing index.
If either index falls by up to 15%, the payout will be par.
If either index falls by more than 15%, investors will be exposed to any losses of the lesser-performing index beyond the 15% buffer.
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: | Russell 2000, Nasdaq-100 index
|
| Amount: | $960,000
|
| Maturity: | Dec. 1, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If notes are not called and each index closes above its initial level, par plus 1.25 times the return of the lesser performing index; if either index falls by up to 15%, par; if either index falls by more than 15%, investors will be exposed to any losses of the lesser-performing index beyond the 15% buffer
|
| Call: | After one year, automatically called at par plus an annualized 7.5% premium on any semiannual date if both indexes finish above their initial levels
|
| Initial levels: | 1,853.532 for Russell, 12,079.81 for Nasdaq
|
| Buffer levels: | 85% of initial levels
|
| Pricing date: | Nov. 24
|
| Settlement date: | Nov. 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.34%
|
| Cusip: | 40057ELH8
|
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