By Kiku Steinfeld
Chicago, Jan. 25 – GS Finance Corp. priced $510,000 of autocallable contingent coupon index-linked notes due Jan. 23, 2024 tied to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 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 6.2% if each index closes above its 60% coupon barrier on the related observation date.
The notes will be called at par if each index closes at or above its initial level on any quarterly call observation date after one year.
The payout at maturity will be par unless any index closes below its 60% trigger level, in which case investors will be exposed to the decline of the least-performing index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index, S&P 500 index
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| Amount: | $510,000
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| Maturity: | Jan. 23, 2024
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| Coupon: | 6.2%, 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 unless any index closes below trigger level, in which case 1% loss for every 1% that least-performing index finishes below initial level
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| Call: | Automatically at par if each index closes at or above its initial level on any quarterly call observation date after one year
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| Initial index levels: | 12898.69 for Nasdaq, 3795.54 for S&P, 2155.349 for Russell
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| Coupon barrier levels: | 60% of initial levels
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| Trigger levels: | 60% of initial levels
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| Pricing date: | Jan. 14
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| Settlement date: | Jan. 20
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 40057F4X9
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