By Wendy Van Sickle
Columbus, Ohio, Oct. 31 – GS Finance Corp. priced $2.15 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 15.8% annual call premium if the index closes at or above its call level, 100.75% of the initial level on the first observation date, on any annual observation date. The call level steps up by 50 basis points every year.
If the notes are not called and the index finishes at or above the initial index level, the payout at maturity will be par plus the index return.
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: | $2,152,000
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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 the initial index level, par plus index return; otherwise, par
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| Call: | At par plus a 15.8% annual call premium if index closes at or above call level on any annual observation date; call level is equal to 100.75% of initial level on the first observation date and steps up to 50 bps a year
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| Initial level: | 101.7
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| Pricing date: | Oct. 25
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| Settlement date: | Oct. 30
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.625%
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| Cusip: | 40057WS40
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