By Wendy Van Sickle
Columbus, Ohio, Aug. 30 – GS Finance Corp. priced $2.77 million of autocallable contingent coupon notes due Sept. 5, 2028 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 5.5% if each index closes at or above its 75% coupon barrier on the observation date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any review date after one year.
The payout at maturity will be par plus the final coupon unless either index finishes below its 75% trigger, in which case investors will be exposed to any losses of the worse performing index.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
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| Underlying indexes: | S&P 500, Russell 2000
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| Amount: | $2.77 million
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| Maturity: | Sept. 5, 2028
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| Coupon: | 5.5% annualized, payable quarterly if each index closes at or above 75% coupon barrier on review date
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above 75% of initial level, par plus coupon; otherwise, 1% loss for each 1% decline of worst performing index
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| Call: | At par if each index closes at or above its initial level on any quarterly call review date after a year
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| Initial levels: | 1,728.41 for Russell, 2,896.74 for S&P
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| Pricing date: | Aug. 27
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| Settlement date: | Aug. 30
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.95%
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| Cusip: | 40055QTJ1
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