By Wendy Van Sickle
Columbus, Ohio, Aug. 27 – GS Finance Corp. priced $178,000 of autocallable contingent coupon notes due Dec. 29, 2022 linked to the S&P 500 index, the Russell 2000 index and the Nasdaq-100 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 quarterly coupon of 8% per annum if each index closes at or above its 70% coupon trigger level on the determination date for that quarter.
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 if no index ever closes below 70% of its initial level over the life of the notes or all indexes finish above their initial levels. Otherwise, investors will be fully exposed to the losses of the worst performer.
Goldman Sachs & Co. LLC is the agent.
| 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: | S&P 500, Russell 2000 and Nasdaq-100 index
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| Amount: | $178,000
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| Maturity: | Dec. 29, 2022
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| Contingent coupon: | 8% annualized, payable quarterly if each index closes at or above coupon trigger level on the determination date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless any index closes below trigger level at any point during the life of the notes and any index closes below its initial level, in which case full exposure to losses of worst performer
|
| 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
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| Initial index levels: | 4,224.79 for S&P, 2,286.093 for Russell and 14,137.23 for Nasdaq
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| Coupon trigger levels: | 70% of initial levels
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| Trigger levels: | 70% of initial levels
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| Pricing date: | June 21
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| Settlement date: | June 24
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.35%
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| Cusip: | 40057HLZ1
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