By Taylor Fox
New York, Dec. 24 – GS Finance Corp. priced $1.74 million of autocallable contingent coupon notes due Dec. 7, 2023 linked to the Euro Stoxx Banks 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 monthly coupon of 7% per annum if each index closes at or above its 70% coupon trigger level on the determination date for that month.
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 after six months.
The payout at maturity will be par plus any coupon due unless any index finishes below 60% of its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying indexes: | Euro Stoxx Banks index, Nasdaq-100 and Russell 2000
|
| Amount: | $1,741,000
|
| Maturity: | Dec. 7, 2023
|
| Contingent coupon: | 7% annualized, payable monthly if each index closes at or above 70% coupon trigger level on the determination date for that month
|
| Price: | Par
|
| Payout at maturity: | Par plus any coupon unless any index closes below trigger buffer level, in which case investors will be fully exposed to the decline of the least performing index from its initial level
|
| Call: | Automatically at par plus contingent coupon if each index closes at or above initial level on any quarterly call observation date after six months
|
| Initial index levels: | 78.88 for Stoxx, 12,528.48 for Nasdaq and 1,892.449 for Russell
|
| Coupon trigger levels: | 70% of initial levels
|
| Trigger buffer levels: | 60% of initial levels
|
| Pricing date: | Dec. 7
|
| Settlement date: | Dec. 10
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.425%
|
| Cusip: | 40057ETS6
|
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