By William Gullotti
Buffalo, N.Y., Oct. 30 – GS Finance Corp. priced $1.75 million of 0% autocallable index-linked notes due Oct. 25, 2028 tied to the GS Momentum Builder Focus ER 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 14.7% annual call premium if the index closes at or above its call level, 101% of initial level, on any annual observation date.
If the notes are not called and the index finishes at or above call level, the payout at maturity will be par plus 73.5%.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC 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 index: | GS Momentum Builder Focus ER index
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Amount: | $1,749,000
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Maturity: | Oct. 25, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above call level, par plus 73.5%; otherwise, par
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Call: | At par plus a 14.7% annual call premium if index closes at or above call level on any annual observation date; call level is equal to 101% of initial level
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Initial level: | 101.88
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Pricing date: | Oct. 20
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Settlement date: | Oct. 25
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.05%
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Cusip: | 40057WP76
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