By Wendy Van Sickle
Columbus, Ohio, Oct. 9 – GS Finance Corp. priced $1.05 million of 0% autocallable index-linked notes due Oct. 7, 2022 tied to the Russell 2000 index and 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 a 10% annualized premium if the indexes close at or above their initial levels on an annual call observation date.
If the notes are not called and each index closes at or above its initial level, the payout at maturity will be par plus 30%.
If the lesser performing index finishes below its initial level but at 60% or more of its initial level, the payout will be par.
If either index falls by more than 40% of initial level, investors will be exposed to any losses of the worst-performing index.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying indexes: | Russell 2000 and S&P 500
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| Amount: | $1,048,000
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| Maturity: | Oct. 7, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If notes are not called, and if each index closes at above initial level, par plus 30%; if lowest performing index finishes below initial level but at or above 60% of initial level, par; if either index falls by more than 40%, par plus return of worst-performing index with full exposure to losses
|
| Call: | At par plus 10% per year if both indexes close at or above initial levels on an annual call observation date
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| Initial levels: | 1,523.373 for Russell, 2,976.74 for S&P
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| Pricing date: | Sept. 30
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| Settlement date: | Oct. 3
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| Agent: | Goldman Sachs & Co.
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| Fees: | 1.07%
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| Cusip: | 40056X6W1
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