By Kiku Steinfeld
Chicago, Nov. 29 – GS Finance Corp. priced $818,000 of autocallable contingent coupon notes due Feb. 21, 2023 linked to the S&P 500 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 monthly coupon of 7.3% per annum if each index closes at or above its 70% coupon trigger level on the determination date for that month.
After six months, the notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any monthly determination date.
The payout at maturity will be par unless any index finishes below its initial level and falls below 70% of its initial level during the life of the notes, in which case investors will be fully exposed to the decline of the least performing index from its initial level.
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
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| Amount: | $818,000
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| Maturity: | Feb. 21, 2023
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| Contingent coupon: | 7.3% annualized, payable monthly if each index closes at or above 70% coupon trigger level on the determination date for that month
|
| Price: | Par
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| Payout at maturity: | Par unless any index finishes below its initial level and falls below trigger buffer level during the life of the notes, in which case investors will be fully exposed to the decline of the least performing index from its initial level
|
| Call: | After six months, automatically at par plus contingent coupon if each index closes at or above initial level on any monthly call observation date
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| Initial index levels: | 4,468.00 for S&P, 2,223.108 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: | Aug. 13
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| Settlement date: | Aug. 18
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.9%
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| Cusip: | 40057J4Z6
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