By Taylor Fox
New York, Feb. 22 – GS Finance Corp. priced $13.81 million of 0% jump securities with autocallable feature due Feb. 3, 2027 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par of $10 plus an annual premium of 8.5% if each index closes at or above its initial level on any annual observation date starting after one year.
At maturity, if the notes have not been called and each index finishes above its initial level, the payout will be par plus the 51% maturity date premium.
If the worst performing index declines but finishes above its 80% downside threshold level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Jump securities with autocallable feature
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| Underlying indexes: | S&P 500 index and the Russell 2000 index
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| Amount: | $13,807,050
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| Maturity: | Feb. 3, 2027
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Call: | At par plus an annual premium of 8.5% if each index closes at or above its initial level on any annual observation date starting after one year
|
| Payout at maturity: | Par of $10 plus 51% maturity date premium if all indexes close above initial level; par if any index declines but finishes above 80% downside threshold level; otherwise, investors will be fully exposed to worst performing index’s decline
|
| Initial levels: | 3,714.24 for S&P and 2,073.641 for Russell
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| Downside threshold level: | 2,971.392 for S&P and 1,658.9128 for Russell; 80% of initial levels
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| Pricing date: | Jan. 29
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| Settlement date: | Feb. 3
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.875%
|
| Cusip: | 36259U436
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