By Sarah Lizee
Olympia, Wash., Sept. 6 – GS Finance Corp. priced $798,000 of 0% autocallable index-linked notes due Sept. 5, 2024 tied to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an 10.15% annualized premium if both indexes close at or above their initial index levels on any annual observation date.
If both indexes finish at or above their initial levels, the payout at maturity will be par plus 50.75%.
If either index falls but neither falls by more than 40%, the payout will be par.
Otherwise, investors will be exposed to the decline of the lesser performing index.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Russell 2000, Nasdaq-100
|
| Amount: | $798,000
|
| Maturity: | Sept. 5, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the return of each index is zero or positive, par plus 50.75%; if either index falls but neither falls by more than 40%, par; otherwise, full exposure to decline of the lesser performing index
|
| Call: | At par plus an 10.15% annualized premium if both indexes close at or above their initial index levels on any annual observation date
|
| Initial levels: | 1,472.713 for Russell and 7,587.896 for Nasdaq
|
| Pricing date: | Aug. 28
|
| Settlement date: | Sept. 3
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 1.104%
|
| Cusip: | 40056X4Q6
|
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