By Susanna Moon
Chicago, Dec. 10 – Goldman Sachs Group, Inc. priced $13.45 million of trigger phoenix autocallable optimization securities due Dec. 10, 2025 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 9.2% if each index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that quarter.
The notes will be called at par of $10 plus the contingent coupon if each index closes at or above its initial level on any quarterly observation date after one year.
The payout at maturity will be par plus the final contingent coupon unless either index finishes below its 50% trigger level, investors will be fully exposed to any losses of the worse performing index.
Goldman, Sachs & Co. is acting as distributor.
| Issuer: | Goldman Sachs Group, Inc.
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| Issue: | Trigger phoenix autocallable optimization securities
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| Underlying indexes: | Euro Stoxx 50 and Russell 2000
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| Amount: | $13,449,400
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| Maturity: | Dec. 10, 2025
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| Coupon: | 9.2% per year, payable quarterly if each index closes at or above barrier level on observation date for that quarter
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| Price: | Par of $10
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| Payout at maturity: | Par plus contingent coupon if each index finishes at or above barrier level; otherwise, full exposure to any losses of worse performing index
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| Call: | At par if each index closes at or above initial level on any quarterly observation date after one year
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| Initial index levels: | 1,183.397 for Russell and 3,330.75 for Stoxx
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| Coupon barriers: | 70% of initial levels
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| Trigger levels: | 50% of initial levels
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| Pricing date: | Dec. 4
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| Settlement date: | Dec. 9
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| Distributor: | Goldman, Sachs & Co.
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| Fees: | 2.95%
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| Cusip: | 38148X704
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