By Sarah Lizee
Olympia, Wash., Aug. 21 – GS Finance Corp. priced $1.4 million of 0% autocallable index-linked notes due Aug. 26, 2025 tied to the Russell 2000 index, the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
After one year, the notes will be automatically called at par plus the call return on any quarterly call observation date if the closing level of each index is greater than or equal to its initial level on the related call observation date. The call payment will be 8.15% per year.
If the notes are not called and each index closes at or above its initial level, the payout will be par plus 40.75%.
If the worst performing index falls, but not more than the 60% trigger level, investors will receive par.
Otherwise, investors will be exposed to any losses of the least-performing index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying indexes: | Russell 2000, Dow Jones industrial average, S&P 500
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| Amount: | $1.4 million
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| Maturity: | Aug. 26, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and each index closes at or above its initial level, par plus 40.75%; if the worst performing index falls but not more than the trigger level, par; otherwise, investors will be exposed to any losses of the least-performing index
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| Call: | After one year, automatically on any quarterly call observation date if the closing level of each index is greater than or equal to its initial level on the related call observation date; call payment is 8.15% per year
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| Initial index levels: | 1,572.066 for Russell, 3,374.85 for S&P and 27,692.88 for Dow
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| Trigger levels: | 60% of initial levels
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| Pricing date: | Aug. 19
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| Settlement date: | Aug. 24
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| Agent: | Goldman Sachs & Co.
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| Fees: | 3.98%
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| Cusip: | 40057CMK4
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