By Wendy Van Sickle
Columbus, Ohio, March 31 – GS Finance Corp. priced $145,000 of autocallable contingent coupon notes due Sept. 25, 2023 linked to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each quarter, the notes pay a contingent coupon at an annualized rate of 12.5% if each index closes at or above its trigger level, 50% of its initial level, on the observation date for that period.
The notes will be automatically called at par if each index closes at or above its initial level on any monthly observation date.
The payout at maturity will be par unless any index finishes below its 50% trigger level, in which case investors will lose 1% for every 1% decline of the least-performing index from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
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| Underlying indexes: | Nasdaq-100 index and Russell 2000 index
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| Amount: | $145,000
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| Maturity: | Sept. 25, 2023
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| Coupon: | 12.5% per year, payable each quarter that each index closes at or above its trigger level on observation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless any finishes below initial level, in which case 1% loss for every 1% that least-performing index declines from initial level
|
| Call: | Automatically called at par if each index closes at or above its initial level on any monthly observation date
|
| Initial levels: | 6,994.291 for Nasdaq and 1,013.889 for Russell
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| Coupon buffer/trigger levels: | 50% of initial levels
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| Pricing date: | March 20
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| Settlement date: | March 25
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.25%
|
| Cusip: | 40056YND2
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