By Wendy Van Sickle
Columbus, Ohio, Feb. 11 – GS Finance Corp. priced $189,000 of autocallable fixed-coupon notes due May 7, 2021 linked to the Nasdaq-100 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 interest rate will be 7.15% per year and will be payable quarterly.
The notes will be automatically called at par if each index closes at or above its initial level on any quarterly review date starting July 31, 2020.
If the notes are not called, the payout at maturity will be par unless either index closes below its barrier level, 75% of its initial level, during the life of the notes and the lesser-performing index finishes below its initial level, in which case the payout will be par minus 1% for every 1% that the lesser-performing index declines from its initial level.
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 fixed-coupon notes
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| Underlying indexes: | Nasdaq-100 index and Russell 2000 index
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| Amount: | $189,000
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| Maturity: | May 7, 2021
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| Coupon: | 7.15%, payable quarterly
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| Price: | Par
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| Call: | At par if each index closes at or above initial level on any quarterly review date starting July 31, 2020
|
| Payout at maturity: | Par unless either index closes below its barrier level, during life of notes and lesser-performing index finishes below initial level, in which case par minus 1% for every 1% that lesser-performing index declines from initial level
|
| Initial levels: | 8,991.512 for Nasdaq 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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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.1%
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| Cusip: | 40056XZW9
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