By Wendy Van Sickle
Columbus, Ohio, Oct. 8 – GS Finance Corp. priced $417,000 of autocallable contingent coupon index-linked notes due Oct. 3, 2022 linked to the least performing of the S&P 500 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.
The notes will pay a contingent quarterly coupon of 5.5% per annum if each index closes at or above its 70% coupon trigger level on the related quarterly determination date.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date after six months.
The payout at maturity will be par plus the final coupon, if any, unless either index finishes below 70% of its initial level, in which case investors will be fully exposed to the loss of the lesser-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 contingent coupon index-linked notes
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| Underlying indexes: | S&P 500 index and Russell 2000 index
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| Amount: | $417,000
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| Maturity: | Oct. 3, 2022
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| Coupon: | 5.5% per year, payable each quarter that each index closes at or above its 70% coupon trigger level on the related quarterly determination date
|
| Price: | Par
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| Payout at maturity: | Par plus final coupon, if any, unless either index finishes below 70% of its initial level, in which case full exposure to loss of lesser-performing index
|
| Call: | At par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date after six months
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| Initial index levels: | 1,474.908 for Russell, 3,298.46 for S&P
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| Pricing date: | Sept. 25
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| Settlement date: | Sept. 30
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 2.475%
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| Cusip: | 40057CSG7
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