Chicago, April 8 – GS Finance Corp. priced $4.53 million of 10% autocallable buffered fixed-coupon notes due Sept. 23, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable semiannually.
The notes are callable on Sept. 18 and March 18, 2021 if the index finishes above its initial level on either call observation date at par plus the coupon due.
The payout at maturity will be par unless the index finishes below 80% of the initial level, in which case investors will lose 1.25% for every 1% decline beyond 20%.
Goldman, Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Fixed-coupon buffered notes
|
| Underlying index: | S&P 500
|
| Amount: | $4,525,000
|
| Maturity: | Sept. 23, 2021
|
| Coupon: | 10%, payable semiannually
|
| Price: | Par
|
| Call: | At par plus coupon if index finishes above initial level on either Sept. 18 or March 18, 2021
|
| Payout at maturity: | Par unless index finishes below buffer level, in which case 1.25% loss for each 1% loss beyond 20%
|
| Initial level: | 2,398.10
|
| Buffer level: | 80% of initial level
|
| Pricing date: | March 18
|
| Settlement date: | March 23
|
| Agent: | Goldman, Sachs & Co. LLC
|
| Fees: | 0.35%
|
| Cusip: | 40056YVN1
|
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