Chicago, March 30 – GS Finance Corp. priced $1.14 million of autocallable contingent coupon notes due March 25, 2025 linked to the S&P 500 index, the Nasdaq-100 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.
Each month, the notes pay a contingent coupon at an annualized rate of 12.5% if each index closes at or above its trigger level, 60% of its initial level, on the observation date for that period.
The notes will be automatically called at par if each index closes at or above its initial level on any monthly observation date commencing in March 2021 and ending in February 2025.
The payout at maturity will be par unless any index closes below its 60% trigger level, in which case investors will lose 1% for every 1% decline of the least-performing index from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
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| Underlying indexes: | S&P 500 index, Nasdaq-100 index and Russell 2000 index
|
| Amount: | $1,141,000
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| Maturity: | March 25, 2025
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| Coupon: | 12.5% per year, payable each month that each index closes at or above its trigger level on observation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless any index closes below trigger level during life of notes and any index finishes below initial level, in which case 1% loss for every 1% that least-performing index declines from initial level
|
| Call: | Automatically called at par if each index closes at or above its initial level on any monthly observation date commencing in March 2021 and ending in February 2025
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| Initial levels: | 2,398.10 for S&P, 7,175.176 for Nasdaq and 991.164 for Russell
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| Coupon buffer/trigger levels: | 60% of initial levels
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| Pricing date: | March 18
|
| Settlement date: | March 23
|
| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 4.475%
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| Cusip: | 40056YVG6
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