By William Gullotti
Buffalo, N.Y., March 18 – GS Finance Corp. priced $1.54 million of 0% autocallable index-linked notes due March 5, 2027 tied to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on any semiannual valuation date after one year, the notes will be called at par plus a 9% annualized call premium.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 150% of the return of the laggard index.
If the worst performer declines but finishes at or above 85% of its initial level, the payout will be par.
If any index falls by more than 15%, investors will be exposed to the decline of the worst performing index below 15%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index
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| Amount: | $1,543,000
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| Maturity: | March 5, 2027
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, par plus 150% of the return of the laggard index; if worst performer finishes above 85% of initial level, par; otherwise, lose 1% for each 1% decline of the worst performer beyond 15%
|
| Call: | If each index closes at or above initial level on any semiannual valuation date after one year, notes will be called at par plus a 9% annualized call premium
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| Initial index levels: | 17,933.33 for Nasdaq, 2,028.968 for Russell
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| Trigger buffer levels: | 85% of initial levels
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| Pricing date: | Feb. 26
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| Settlement date: | Feb. 29
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.25%
|
| Cusip: | 40057Y7B3
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