By William Gullotti
Buffalo, N.Y., Jan. 4 – GS Finance Corp. priced $4.5 million of 0% autocallable index-linked notes due Jan. 6, 2027 tied to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on any quarterly observation date after six months, the notes will be called at par plus a 10% annualized call premium.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 50%.
If the worst performer declines but finishes at or above 75% of its initial level, the payout will be par.
If any index falls by more than 25%, investors will be exposed to the decline of the worst performing index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
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 index-linked notes
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| Underlying indexes: | Euro Stoxx 50 index, Russell 2000 index
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| Amount: | $4.5 million
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| Maturity: | Jan. 6, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, par plus 50%; if worst performer finishes above 75% of initial level, par; otherwise, investors will be exposed to the decline of the worst performing index from its initial level
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| Call: | If each index closes at or above initial level on any quarterly observation date after six months, notes will be called at par plus a 10% annualized call premium
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| Initial index levels: | 4,284.83 for Stoxx, 2,249.244 for Russell
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| Trigger buffer levels: | 75% of initial levels
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| Pricing date: | Dec. 29
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| Settlement date: | Dec. 31
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.95%
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| Cusip: | 40057KMZ3
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