By William Gullotti
Buffalo, N.Y., Jan. 12 – GS Finance Corp. priced $2.08 million of 0% autocallable buffered index-linked notes due Jan. 10, 2028 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.
The notes will be automatically called at par plus a 9.3% annualized call premium if the index closes at or above its initial level on any quarterly observation date after one year.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 37.2%.
Investors will receive par if the index falls by no more than 25% and will lose 1.3333% for each 1% loss beyond 25%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable buffered index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,075,000
|
| Maturity: | Jan. 10, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above initial level, par plus 37.2%; if index declines below call level but finishes at or above buffer level, par; otherwise, lose 1.3333% for each 1% decline of index beyond 25%
|
| Call: | Automatically at par plus a 9.3% annualized call premium if the index closes at or above its initial level on any quarterly observation date after one year
|
| Initial level: | 4,697.24
|
| Buffer level: | 75% of initial level
|
| Pricing date: | Jan. 5
|
| Settlement date: | Jan. 10
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | None
|
| Cusip: | 40057XNJ0
|
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