By Kiku Steinfeld
Chicago, Jan. 20 – GS Finance Corp. priced $114,000 of autocallable contingent coupon index-linked notes due July 20, 2022 tied to the least performing of the Nasdaq-100 Technology Sector index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 8.5% if each index closes above its 70% coupon barrier on the related observation date.
The notes will be called at par plus a 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 if both indexes finish above their initial level or if neither index closes below its 70% trigger level during the life of the notes.
Otherwise, investors will be fully exposed to the losses of the worst performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
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| Underlying indexes: | Nasdaq-100 Technology Sector index, Russell 2000 index
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| Amount: | $114,000
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| Maturity: | July 20, 2022
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| Coupon: | 8.5%, payable quarterly if each index closes above its coupon barrier on the related observation date
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| Price: | Par
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| Payout at maturity: | Par if both indexes finish above their initial levels or neither index ever closes below its 70% trigger level during the life of the notes; otherwise, full exposure to the losses of the worst performing index
|
| Call: | Automatically at par plus contingent coupon if each index closes at or above its initial level on any quarterly call observation date after six months
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| Initial index levels: | 7,774.022 for Nasdaq-100 Technology, 2,111.966 for Russell
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| Coupon trigger levels: | 70% of initial levels
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| Trigger buffer levels: | 70% of initial levels
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| Pricing date: | Jan. 13
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| Settlement date: | Jan. 19
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 2.525%
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| Cusip: | 40057EZH3
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