By Sarah Lizee
Olympia, Wash., Nov. 8 – GS Finance Corp. priced $101,000 of 0% autocallable index-linked notes due Oct. 3, 2025 tied to the Dow Jones industrial average, the S&P 500 index and the Russell 2000 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 a 9% annualized premium if each index closes at or above its call level on any annual call observation date. The call level will be 100% of each index’s initial level.
If the notes are not called and each index closes at or above 70% of its initial level, the payout at maturity will be par plus 54%.
If any index falls by more than 30%, investors will be exposed to any losses of the least-performing index.
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 index-linked notes
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| Underlying indexes: | Dow Jones industrial average, S&P 500 index and Russell 2000 index
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| Amount: | $101,000
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| Maturity: | Oct. 3, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and each index closes at or above 70% of its initial level, par plus 54%; if any index falls by more than 30%, exposure to any losses of the least-performing index
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| Call: | At par plus 9% annualized if each index closes at or above its call level on any annual call observation date; call level will be 100% of each index’s initial level
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| Initial index levels: | 1,562.452 for Russell, 27,046.23 for Dow and 3,037.56 for S&P
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| Pricing date: | Oct. 31
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| Settlement date: | Nov. 5
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1%
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| Cusip: | 40056XJ31
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