Chicago, Jan. 30 – GS Finance Corp. priced $9.3 million of autocallable contingent coupon index-linked notes due Jan. 14, 2027 linked to the Russell 2000 index and the S&P 500 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 10.1% if each index closes at or above its coupon barrier, 80% of its initial level, on the corresponding observation date.
The notes will be called at par plus the coupon if each index closes at or above its initial level on any quarterly observation date starting after one year.
The payout at maturity will be par plus the coupon unless either index finishes below the 80% buffer level, in which case investors will lose 1.25% for each 1% decline of the index beyond the 20% buffer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon index-linked notes
|
| Underlying indexes: | S&P 500 index, Russell 2000 index
|
| Amount: | $9,301,000
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| Maturity: | Jan. 14, 2027
|
| Coupon: | 10.1%, payable monthly if each index closes at or above coupon barrier on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus coupon if each index finishes at or above buffer level; otherwise, 1.25% loss for each 1% decline of laggard index beyond 20% buffer
|
| Call: | At par plus coupon if each index closes at or above initial level on any quarterly observation date after one year
|
| Initial level: | 1,968.035 for Russell, 4,756.50 for S&P
|
| Coupon barrier: | 80% of initial level
|
| Buffer level: | 80% of initial level
|
| Pricing date: | Jan. 10
|
| Settlement date: | Jan. 16
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.1%
|
| Cusip: | 40057XV85
|
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