By Kiku Steinfeld
Chicago, Dec. 12 – GS Finance Corp. priced $689,000 of 0% autocallable index-linked notes due Dec. 3, 2024 tied to the Russell 2000 index and the S&P 500 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 7.25% annualized premium if the indexes close at or above their initial levels on any quarterly observation date after one year.
If the notes are not called, the payout at maturity will be par plus 36.25% if each index closes at or above its initial level.
If the lesser performing index finishes below its initial level but at or above its trigger level, 70% of its initial level, the payout at maturity will be par.
If either index falls by more than 30%, investors will be exposed to any losses of the worst-performing index.
Goldman Sachs & Co. 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: | Russell 2000 and S&P 500
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| Amount: | $689,000
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| Maturity: | Dec. 3, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above its initial level, par plus 36.25%; if lowest performing index finishes below its initial level but at or above trigger level, par; if either index falls by more than 30%, par plus return of worst-performing index, with full exposure to losses
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| Call: | At par plus 7.25% per year if both indexes close at or above initial levels any quarterly observation date after one year
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| Initial levels: | 3,133.64 for S&P 500, 1,621.904 for Russell
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| Trigger levels: | 70% of initial levels
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| Pricing date: | Nov. 25
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| Settlement date: | Nov. 29
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| Agent: | Goldman Sachs & Co.
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| Fees: | 4.37%
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| Cusip: | 30056XP34
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