By William Gullotti
Buffalo, N.Y., Feb. 14 – GS Finance Corp. priced $229,000 of autocallable contingent coupon index-linked notes due Feb. 2, 2029 tied to the S&P 500 Futures Volatility Plus Daily Risk Control index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent monthly coupon at an annual rate of 8% if the index closes at or above the coupon trigger level, 75% of the initial level, on the valuation date for that period.
The notes will be called at par plus a coupon if the index closes at or above its initial index level on any monthly call observation date after one year.
If the notes are not called and the index finishes at or above the 85% trigger buffer level, the payout at maturity will be par plus the final coupon.
Otherwise, investors will lose 1% for each 1% decline beyond 15%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon index-linked notes
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| Underlying index: | S&P 500 Futures Volatility Plus Daily Risk Control index
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| Amount: | $229,000
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| Maturity: | Feb. 2, 2029
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| Coupon: | 8% annualized rate, payable monthly if the index closes at or above coupon trigger level on the valuation date for that period
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above trigger buffer level, par plus final coupon; otherwise, lose 1% for each 1% decline beyond 15%
|
| Call: | At par plus coupon if the index closes at or above its initial level on any monthly call observation date after one year
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| Initial index level: | 650.0
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| Coupon trigger level: | 75% of initial level
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| Trigger buffer level: | 85% of initial level
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4%
|
| Cusip: | 40057XRD9
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