Chicago, Jan. 15 – GS Finance Corp. priced $856,000 of 0% autocallable index-linked notes due Dec. 31, 2024 tied to the Russell 2000 index and the Euro Stoxx 50 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 11.25% annualized premium if the indexes close at or above their initial levels on any quarterly call observation date after one year.
The payout at maturity will be par plus 56.25% 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. 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: | Russell 2000 and Euro Stoxx 50
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| Amount: | $856,000
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| Maturity: | Dec. 31, 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 56.25%; if lowest performing index finishes below 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 11.25% per year if both indexes close at or above initial levels on any quarterly call observation date after a year
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| Initial levels: | 1,678.010 for Russell, 3,774.39 for Stoxx
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| Trigger levels: | 70% of initial levels
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| Pricing date: | Dec. 24
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| Settlement date: | Dec. 30
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.75%
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| Cusip: | 40056XWA0
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