By William Gullotti
Buffalo, N.Y., Nov. 16 – GS Finance Corp. priced $5.25 million of 0% autocallable index-linked notes due Nov. 14, 2024 tied to the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on any quarterly call observation date after one year, the notes will be called at par plus a 10.65% annualized call premium.
If the notes are not called and each index finishes at or above its initial level, the payout will be $1,319.50 per $1,000 principal amount of notes.
If the worst performer finishes above 80% of its initial level, the payout will be par.
If any index falls by more than 20%, investors will be exposed to the decline of the worst performing index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
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 indexes: | Euro Stoxx 50 index, S&P 500 index
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Amount: | $5.25 million
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Maturity: | Nov. 14, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, par plus 31.95%; if worst performer finishes above 80% of initial level, par; if any index falls by more than 20%, investors will be exposed to the decline of the worst performing index from its initial level
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Call: | If each index closes at or above initial level on any quarterly observation date after one year, notes will be called at par plus a 10.65% annualized call premium
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Initial index levels: | 4,358.0 for Stoxx, 4,649.27 for S&P
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Trigger buffer levels: | 80% of initial levels
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Pricing date: | Nov. 11
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Settlement date: | Nov. 18
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 2.25%
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Cusip: | 40057K5L3
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