By Susanna Moon
Chicago, March 2 – GS Finance Corp. priced $6 million of autocallable contingent coupon notes due Feb. 14, 2033 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 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% if each index closes at or above its 90% coupon barrier on the review date for that quarter.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any review date.
The payout at maturity will be par unless any index finishes below its 50% trigger level, in which case investors will be exposed to any losses of the worst performing index.
The guarantor is 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 contingent coupon notes
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| Underlying assets: | Russell 2000, S&P 500 and Euro Stoxx 50
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| Amount: | $6 million
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| Maturity: | Feb. 14, 2033
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| Coupon: | 9% annualized, payable quarterly if each index closes at or above 90% coupon barrier on review date for that quarter
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| Price: | Par
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| Call: | At par plus contingent coupon if each index closes at or above initial level on any determination date beginning in February 2021
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| Payout at maturity: | Par unless any index finishes below 50% trigger, in which case 1% loss per 1% decline of worst performing index
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| Initial levels: | 2,619.55 for S&P, 1,477.836 for Russell and 3,325.99 for Stoxx, which are closing levels on Feb. 9
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| Coupon barriers: | 90% of initial levels
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| Trigger levels: | 50% of initial levels
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| Pricing date: | Feb. 12
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| Settlement date: | Feb. 15
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.475%
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| Cusip: | 40055ALX3
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