By Wendy Van Sickle
Columbus, Ohio, Jan. 26 – GS Finance Corp. priced $15.41 million of autocallable contingent coupon notes due Jan. 22, 2029 linked to the worst performing of the S&P 500 index, the Dow Jones 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 quarterly coupon of 10.75% per annum if each index closes at or above its 75% coupon barrier level on the determination date for that period.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date.
The payout at maturity will be par if all three indexes close above their 60% barrier levels. Otherwise, investors will lose 1% for each 1% decline of the least-performing index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
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| Underlying indexes: | S&P 500 index, Dow Jones index and Russell 2000 index
|
| Amount: | $15,414,000
|
| Maturity: | Jan. 22, 2029
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| Contingent coupon: | 10.75% annualized, payable quarterly if each index closes at or above coupon barrier level on the determination date for that period
|
| Price: | Par
|
| Payout at maturity: | Par if all three indexes close above their barrier levels; otherwise, full exposure to losses of worst performer
|
| Call: | Automatically at par plus contingent coupon if each index closes at or above initial level on any quarterly determination date
|
| Initial levels: | 4,739.21 for S&P, 1,913.166 for Russell and 16,736.28 for Nasdaq
|
| Coupon barriers: | 75% of initial levels
|
| Trigger levels: | 60% of initial levels
|
| Pricing date: | Jan. 17
|
| Settlement date: | Jan. 22
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.857%
|
| Cusip: | 40057XV44
|
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