By Marisa Wong
Morgantown, W.Va., Jan. 29 – GS Finance Corp. priced $1,162,000 of 0% autocallable notes due Jan. 30, 2023 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus a call return of 12.25% per year if both indexes close at or above their initial levels on any annual call observation date.
The payout at maturity will be par plus 1.5 times any gain in the lesser performing index.
If each index finishes at or above 50% of its initial level, the payout will be par.
If either index falls by more than 50%, investors will lose 1% for each 1% decline of the lesser performing index from its initial level.
Goldman Sachs & Co. 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: | Euro Stoxx 50, Russell 2000
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| Amount: | $1,162,000
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| Maturity: | Jan. 30, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Call: | Automatically at par plus 12.25% per year if both indexes close at or above their initial levels on any annual call observation date
|
| Payout at maturity: | Par plus 1.5 times any gain in the lesser performing index; par if each index finishes at or above 50% of its initial level; otherwise, 1% loss for each 1% decline of the lesser performing index from its initial level
|
| Initial index levels: | 3,665.28 for Euro Stoxx and 1,605.165 for Russell
|
| Pricing date: | Jan. 22
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| Settlement date: | Jan. 25
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.85%
|
| Cusip: | 40055AFZ5
|
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