By Taylor Fox
New York, Oct. 26 – GS Finance Corp. priced $865,000 of autocallable contingent coupon notes due March 30, 2022 linked to the S&P 500 index, 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.
The notes will pay a contingent quarterly coupon of 6.5% per annum if each index closes at or above its 50% coupon trigger level on the determination date for that quarter.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly call observation date.
The payout at maturity will be par unless any index closes below 50% of its initial level on any day during the life of the notes, in which case investors will be fully exposed to the decline of the least performing index from its initial level with a maximum payout of par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
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| Underlying indexes: | S&P 500, Nasdaq-100 and Russell 2000
|
| Amount : | $865,000
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| Maturity: | March 30, 2022
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| Contingent coupon: | 6.5% annualized, payable quarterly if each index closes at or above 50% coupon trigger level on the determination date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless any index closes below 50% of its initial level on any day during the life of the notes, in which case investors will be fully exposed to the decline of the least performing index from its initial level subject to a maximum payout of par
|
| Call: | Automatically at par plus contingent coupon if each index closes at or above initial level on any quarterly call observation date
|
| Initial index levels: | 3,236.92 for S&P, 10,833.33 for Nasdaq and 1,451.458 for Russell
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| Coupon/trigger levels: | 50% of initial levels
|
| Pricing date: | Sept. 23
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| Settlement date: | Sept. 28
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.775%
|
| Cusip: | 40057CWU1
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