By William Gullotti
Buffalo, N.Y., Sept. 8 – GS Finance Corp. priced $7.07 million of 9% autocallable fixed coupon equity-linked notes due Feb. 29, 2024 linked to the performance of 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.
Interest is payable semiannually.
The notes will be automatically called at par plus the coupon if the least-performing index closes at or above its initial level on any semiannual call observation date.
If the notes are not subject to an automatic call, the payout at maturity will be par unless any index finishes below the 80% trigger buffer, in which case investors will lose 1.25% for each 1% decline of the least-performing index below 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable fixed coupon equity-linked notes
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index
|
| Amount: | $7,066,000
|
| Maturity: | Feb. 29, 2024
|
| Coupon: | 9%, payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par unless any index finishes below the trigger buffer, in which case investors will lose 1.25% for each 1% decline of the least-performing index beyond 20%
|
| Call: | At par plus the coupon if all indexes close at or above their initial levels on any semiannual call observation date
|
| Initial levels: | 12,272.03 for Nasdaq, 1,844.115 for Russell
|
| Trigger buffers: | 80% of initial levels
|
| Strike date: | Aug. 31
|
| Pricing date: | Sept. 1
|
| Settlement date: | Sept. 7
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.2%
|
| Cusip: | 40057N4E4
|
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