By Kiku Steinfeld
Chicago, Dec. 16 – GS Finance Corp. priced $1 million of 0% autocallable index-linked notes due Sept. 3, 2024 tied to the S&P 500 index, the Euro Stoxx 50 index 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 automatically called at par plus 7.6% annualized if each index closes at or above its initial level on any annual observation date.
If the notes are not called and each index closes at or above its initial level, the payout at maturity will be par plus 22.8%.
If the least-performing index falls by up to 40%, the payout will be par.
Otherwise, investors will be exposed to any losses of the least-performing index.
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: | S&P 500, Euro Stoxx 50, Russell 2000
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| Amount: | $1 million
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| Maturity: | Sept. 3, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index closes at or above its initial level, par plus 22.8%; if the least-performing index falls by up to 40%, par; otherwise, full exposure to losses of the least-performing index
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| Call: | At par plus 7.6% annualized if each index closes at or above its initial level on any annual observation date
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| Initial index levels: | 4,496.19 for S&P and 2,239.269 for Russell, 4,181.12 for Stoxx
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| Barrier levels: | 60% of initial index levels
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| Pricing date: | Aug. 25
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| Settlement date: | Aug. 30
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3%
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| Cusip: | 40057JCL8
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