By Sarah Lizee
Olympia, Wash., Feb. 10 – GS Finance Corp. priced $2.86 million of 0% autocallable index-linked notes due Feb. 4, 2025 tied to 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 6.85% annualized premium if each index closes at or above its initial level on any annual call observation date.
If the notes are not called and each index closes at or above its initial level, the payout at maturity will be par plus 34.25%.
If either index falls by up to 30%, the payout will be par.
If either 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.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
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| Underlying indexes: | S&P 500, Russell 2000
|
| Amount: | $2,856,000
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| Maturity: | Feb. 4, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and each index closes at or above initial level, par plus 34.25%; if either index falls by up to trigger level, par; if any index falls by more than trigger level, exposure to any losses of the least-performing index
|
| Call: | At par plus 6.85% annualized if each index closes at or above its initial level on any annual call observation date
|
| Initial index levels: | 1,658.314 for Russell, 3,276.24 for S&P
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| Trigger levels: | 70% of initial levels
|
| Pricing date: | Jan. 28
|
| Settlement date: | Jan. 31
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.29%
|
| Cusip: | 40056XYU4
|
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