By William Gullotti
Buffalo, N.Y., March 25 – GS Finance Corp. priced $16.01 million of 0% autocallable contingent coupon underlier-linked notes due March 23, 2027 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Utilities Select Sector SPDR Fund, 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 monthly contingent coupon of 10.27% annually if each underlier closes at or above the coupon trigger level on the corresponding observation date.
The notes will automatically be called at par plus coupon if each underlier closes at or above initial levels on any monthly observation date after three months.
At maturity, if each underlier finishes at or above its 75% trigger buffer level, the payout will be par plus the final coupon.
Otherwise, investors will lose 1.3333% for reach 1% decline of worst performer beyond 25%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon underlier-linked notes
|
| Underlying assets: | S&P 500 index, Russell 2000 index, Utilities Select Sector SPDR Fund
|
| Amount: | $16,009,000
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| Maturity: | March 23, 2027
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| Coupon: | 10.27% per annum, payable monthly if each underlier is at or above the coupon trigger level on the corresponding observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus coupon if each underlier finishes above trigger buffer level; otherwise, lose 1.3333% for reach 1% decline of worst performer beyond 25%
|
| Call: | Automatically at par plus coupon if each underlier closes at or above initial levels on each monthly observation date after three months
|
| Initial levels: | $63.23 for ETF, 5,149.42 for S&P, 2,024.735 for Russell
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| Coupon trigger levels: | 75% of initial levels
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| Trigger buffer levels: | 75% of initial levels
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| Pricing date: | March 18
|
| Settlement date: | March 21
|
| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.3%
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| Cusip: | 40057YPZ0
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