Chicago, March 22 – GS Finance Corp. priced $930,000 of 0% autocallable index-linked notes due Feb. 4, 2027 tied to the S&P 500 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 annual 5.1% premium if the index closes above its initial level on any annual call date.
If the notes are not called, the payout at maturity will be par plus the maturity date premium of 30.6%.
If the index return is negative but not less than negative 10%, the payout will be par; otherwise, investors will lose 1% for each 1% decline beyond the 10% buffer.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $930,000
|
| Maturity: | Feb. 4, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus the 30.6% maturity date premium; if the index return is negative but not less than negative 10%, par; otherwise, 1% for each 1% decline beyond 10% buffer
|
| Call: | At par plus 5.1% annual premium if index closes above initial level on any annual observation date
|
| Initial level: | 3,773.86
|
| Barrier level: | 90% of initial level
|
| Pricing date: | Feb. 1
|
| Settlement date: | Feb. 4
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.875%
|
| Cusip: | 40057FF90
|
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