By Wendy Van Sickle
Columbus, Ohio, March 7 – GS Finance Corp. priced $10.74 million of autocallable contingent coupon index-linked notes due Feb. 26, 2027 linked to the Russell 2000 index, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at the rate of 9% per year if each underlying index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that quarter.
The notes will be automatically called at par if each underlying index closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par unless the least performing index finishes below its final barrier level, 60% of its initial level, in which case investors will have full exposure to the decline of the least-performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon index-linked notes
|
| Underlying indexes: | Russell 2000 index, Nasdaq-100 index and S&P 500 index
|
| Amount: | $10,742,000
|
| Maturity: | Feb. 26, 2027
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| Coupon: | 9% per year, payable quarterly if each underlying index closes at or above coupon barrier level on observation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless least performing index finishes below final barrier level, in which case full exposure to the decline of the least-performing index
|
| Call: | Automatically at par if each underlying index closes at or above initial level on any quarterly observation date
|
| Initial levels: | 2,016.688 for Russell 2000, 17,937.61 for Nasdaq-100 and 5,088.8 for S&P
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| Coupon barrier levels: | 60% of initial levels
|
| final barrier levels: | 60% of initial levels
|
| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.57%
|
| Cusip: | 40057YD59
|
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