By Kiku Steinfeld
Chicago, Jan. 27 – GS Finance Corp. priced $710,000 of 0% autocallable index-linked notes due Jan. 20, 2023 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 a 10% annualized premium if each index closes at or above its call level on any annual call observation date. The call level will be100% of each index’s initial level on the first annual call observation date and 95% of each index’s initial level on the second annual observation date.
If the notes are not called and each index finishes at or above 90% of its initial level, the payout at maturity will be par plus 30%.
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 below its trigger level, investors will be exposed to any losses of the worst-performing index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| 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: | $710,000
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| Maturity: | Jan. 20, 2023
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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 90% of its initial level, par plus 30%; if lowest performing index finishes below 90% of initial level but at or above trigger level, par; if either index falls below trigger level, par plus return of worst-performing index, with full exposure to losses
|
| Call: | At par plus 10% per year if each index closes at or above its call level on any annual call observation date
|
| Initial levels: | 1,705.215 for Russell, 3,774.14 for Stoxx
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| Call levels: | 100% of each index’s initial level on first call observation date, 95% of each index’s initial level on second observation date
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| Trigger levels: | 70% of initial levels
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| Pricing date: | Jan. 16
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| Settlement date: | Jan. 22
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.425%
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| Cusip: | 40056YB52
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