By William Gullotti
Buffalo, N.Y., Nov. 9 – GS Finance Corp. priced $1.25 million of autocallable contingent coupon index-linked notes due Nov. 3, 2028 tied to the Russell 2000 index and the Nasdaq-100 Technology Sector 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 at an annual rate of 7.5% if each index closes at or above the coupon trigger level, 90% of the initial level, on the valuation date for that period.
The notes will be called at par plus a coupon if each index closes at or above its initial index level on any monthly call observation date after one year.
If the notes are not called and each index finishes at or above its coupon trigger level, the payout at maturity will be par plus the final coupon.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon index-linked notes
|
| Underlying indexes: | Russell 2000 index, Nasdaq-100 Technology Sector index
|
| Amount: | $1,245,000
|
| Maturity: | Nov. 3, 2028
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| Coupon: | 7.5% annualized rate, payable monthly if each index closes at or above coupon trigger level on valuation date for that period
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above coupon trigger level, par plus final coupon; otherwise, par
|
| Call: | At par plus coupon if each index closes at or above its initial level on any monthly call observation date after one year
|
| Initial index levels: | 1,662.282 for Russell, 7,610.076 for Nasdaq Tech
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| Coupon trigger levels: | 90% of initial levels
|
| Pricing date: | Oct. 31
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| Settlement date: | Nov. 3
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.25%
|
| Cusip: | 40057WS81
|
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