By Sarah Lizee
Olympia, Wash., Aug. 28 – GS Finance Corp. priced $775,000 of 0% autocallable index-linked notes due Aug. 30, 2029 tied to the S&P 500 index, the Dow Jones industrial average and the Russell 2000 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 an 8.4% annualized premium if each index closes at or above its call level on any annual call observation date. The call level will be 100% of each index’s initial level.
If the notes are not called and each index closes at or above 80% of its initial level, the payout at maturity will be par plus 84%.
If any index falls by up to 35%, the payout at maturity will be par.
If any index falls by more than 35%, investors will be exposed to any losses of the least-performing index.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying indexes: | S&P 500, Dow Jones industrial average, Russell 2000
|
| Amount: | $775,000
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| Maturity: | Aug. 30, 2029
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and each index closes at or above 80% of its initial level, par plus 84%; if any index falls by up to 35%, par; if any index falls by more than 35%, investors will be exposed to any losses of the least-performing index
|
| Call: | At par plus 8.4% annualized if each index closes at or above its call level on any annual call observation date; call level will be 100% of each index’s initial level
|
| Initial index levels: | 1,459.485 for Russell, 2,847.11 for S&P and 25,628.90 for Dow
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| Pricing date: | Aug. 23
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| Settlement date: | Aug. 28
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| Agent: | Goldman Sachs & Co.
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| Fees: | 4.2%
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| Cusip: | 40056X4W3
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