By Wendy Van Sickle
Columbus, Ohio, Feb. 7 – GS Finance Corp. priced $3.81 million of 0% autocallable notes due Feb. 3, 2022 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Interest is payable quarterly
The notes will be called at par plus a 9.2% annualized premium if both indexes close above their initial levels on any quarterly call observation date after six months.
The payout at maturity will be par plus 18.4% if each index finishes above its initial level. If the lowest performing index falls by up to 20%, the payout will be par. Otherwise, investors will have full exposure to loss of lesser performing index.
Otherwise, investors will lose 1.25% for each 1% decline of the lesser performing index beyond 20%.
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: | S&P 500, Russell 2000
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| Amount: | $3.81 million
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| Maturity: | Feb. 3, 2022
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| Coupon: | 0%
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| Price: | Par
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| Call: | Automatically at par plus a 9.2% annualized premium if both indexes close above their initial levels on any quarterly call observation date after six months
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| Payout at maturity: | Par plus 18.4% if each index finishes above its initial level; par if lesser performing index falls by up to 20%; 1.25% loss for each 1% loss beyond 20%
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| Initial index levels: | 3,225.52 for S&P and 1,614.061 for Russell
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| Pricing date: | Jan. 31
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| Settlement date: | Feb. 5
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.35%
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| Cusip: | 40056YHK3
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