By Sarah Lizee
Olympia, Wash., Feb. 3 – GS Finance Corp. priced $10 million of autocallable contingent coupon notes due Jan. 31, 2030 linked to the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each month, the notes pay a contingent coupon at an annual rate of 6.4% if each index closes at or above its coupon barrier level, 75% of its initial level, on the observation date for that month.
The notes will be automatically called at par if each index closes at or above its initial level on any coupon determination date starting in January 2021.
The payout at maturity will be par unless either index finishes below its buffer level, 80% of its initial level, in which case investors will lose 1% for every 1% that the lesser-performing index declines beyond 20%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| 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 indexes: | Euro Stoxx 50 and S&P 500
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| Amount: | $10 million
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| Maturity: | Jan. 31, 2030
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| Coupon: | 6.4%, payable monthly if each index closes at or above coupon barrier level on observation date for that month
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| Price: | Par
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| Payout at maturity: | Par unless either index finishes below its buffer level, in which case investors will lose 1% for every 1% that the lesser-performing index declines beyond buffer
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| Call: | Automatically at par if each index closes at or above initial levels on any coupon determination date starting in January 2021
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| Initial levels: | 3,677.84 for Stoxx and 3,243.63 for S&P
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| Coupon barrier levels: | 75% of initial levels
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| Buffer levels: | 80% of initial levels
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| Pricing date: | Jan. 27
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| Settlement date: | Jan. 30
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.95%
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| Cusip: | 40056YCW2
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