By Taylor Fox
New York, Nov. 10 – GS Finance Corp. priced $2.81 million of 0% autocallable notes due Nov. 17, 2026 linked to the Dow Jones industrial average, 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 be automatically called at par plus an annual premium of 10.5% if all three indexes close above 90% of their initial levels on any annual call observation date.
If each index closes at or above 90% of its initial level, the notes will be automatically redeemed at par plus a premium of 63%.
If the worst performing index finishes between 75% and 90% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to the worst-performing index’s decline.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Dow Jones industrial average, S&P 500 index and Russell 2000 index
|
| Amount: | $2,811,000
|
| Maturity: | Nov. 17, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 63% maturity date premium if all indexes close above 90% of initial level; if worst performer finishes between 75% and 90% of initial level, par; otherwise full exposure to losses of worst performer
|
| Call: | Par plus annual premium of 10.5% if all indexes close above 90% of initial levels on any annual call observation date
|
| Initial level: | 28,586.90 for Dow, 3,477.13 for S&P and 1,637.545 for Russell
|
| Call levels: | 90% of initial levels
|
| Trigger buffer levels: | 75% of initial levels
|
| Pricing date: | Oct. 9
|
| Settlement date: | Oct. 19
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.375%
|
| Cusip: | 40057EDS3
|
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