By William Gullotti
Buffalo, N.Y., March 20 – GS Finance Corp. priced $3.53 million of 0% autocallable absolute return index-linked notes due Feb. 5, 2024 linked 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.
If the index closes below 85% of its initial level on any day during the life of the notes, the notes will be automatically called at par.
If the index return is greater than or equal to zero, the payout will be par plus the index return, subject to a maximum return of 6.1%.
If the index declines up to 15%, the payout will be par plus the absolute value of the index return.
If the index declines by more than 15%, the payout will be par.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable absolute return index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,527,000
|
| Maturity: | Feb. 5, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is greater than or equal to zero, par plus index return, capped at 6.1%; if index declines no more than 15%, par plus absolute value of index return; if index declines by more than 15%, par
|
| Call: | Automatically at par if index closes below 85% of its initial level on any trading day during the life of the notes
|
| Initial index level: | 4,076.6
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 3
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.25%
|
| Cusip: | 40057PG63
|
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