By Kiku Steinfeld
Chicago, March 4 – GS Finance Corp. priced $984,000 of 0% autocallable index-linked notes due Aug. 30, 2022 tied to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 12% annualized premium if both indexes close at or above their initial index levels on any quarterly observation date after six months.
At maturity, if the return of both indexes is greater than their initial levels, the payout will be par plus 1.5 times the return of the lesser performing index.
If either index either index finishes flat or falls by up to 30%, the payout will be par.
Otherwise, investors will be exposed to any losses of the lesser performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Russell 2000, Nasdaq-100
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| Amount: | $984,000
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| Maturity: | Aug. 30, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the return of both indexes is greater than their initial levels, par plus 1.5 times the return of the lesser performing index; if either index either index finishes flat or falls by up to 30%, par; otherwise, exposure to any losses of the lesser performing index
|
| Call: | At par plus a 12% annualized premium if both indexes close at or above their initial index levels on any quarterly observation date after six months
|
| Initial levels: | 13,194.71 for Nasdaq, 2,231.314 for Russell
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 26
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.33%
|
| Cusip: | 40057FER1
|
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