Chicago, Sept. 16 – GS Finance Corp. priced $1.92 million of autocallable contingent coupon notes due Sept. 30, 2022 linked to the worst performing of the Dow Jones industrial average, 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 quarterly coupon of 9.85% per annum if each index closes at or above its 70% coupon barrier 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 determination date after six months.
The payout at maturity will be par unless any index closes below its 60% trigger level any day during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for each 1% decline of the least-performing index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
|
| Amount: | $1,917,000
|
| Maturity: | Sept. 30, 2022
|
| Contingent coupon: | 9.85% annualized, payable quarterly if each index closes at or above coupon barrier level on the determination date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par, unless any index closes below its trigger level any day during the life of the notes and any index finishes below its initial level, in which case 1% loss for each 1% decline of lesser-performing index
|
| Call: | Automatically at par plus contingent coupon if each index closes at or above initial level on any quarterly determination date after six months
|
| Initial levels: | 32,423.15 for Dow, 13,017.79 for Nasdaq and 2,185.687 for Russell 2000
|
| Coupon barriers: | 70% of initial levels
|
| Trigger levels: | 60% of initial levels
|
| Pricing date: | March 23
|
| Settlement date: | March 26
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.77%
|
| Cusip: | 40057FST2
|
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