By William Gullotti
Buffalo, N.Y., March 9 – GS Finance Corp. priced $2.8 million of 0% autocallable index-linked notes due March 7, 2025 tied to 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 be called at par plus a 10.5% annualized call premium if the index closes at or above its initial level on any annual observation date.
If the notes are not called and the index finishes flat or gains, the payout at maturity will be par plus 31.5%.
If the index declines by up to 40%, the payout will be par; otherwise, investors will be fully exposed to the decline of the index from its initial level.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan is acting as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying index: | Russell 2000 index
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| Amount: | $2.8 million
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| Maturity: | March 7, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above its initial level, par plus 31.5%; if the index declines by up to 40%, par; otherwise, full exposure to the decline of the index from its initial level
|
| Call: | At par plus a 10.5% annualized call premium if index closes at or above initial level on any annual observation date
|
| Initial level: | 2,058.871
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| Barrier level: | 60% of initial level
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| Pricing date: | March 2
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| Settlement date: | March 7
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| Underwriter: | Goldman Sachs & Co. LLC
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| Placement agent: | JPMorgan
|
| Fees: | 0.1%
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| Cusip: | 40057LEG2
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