By Wendy Van Sickle
Columbus, Ohio, Aug. 10 – GS Finance Corp. priced $160,000 of 0% autocallable index-linked notes due Aug. 7, 2023 tied to the Nasdaq-100 Technology Sector index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus 10% a year if the index closes at or above its initial level on any annual call date.
The payout at maturity will be par plus 30% if the index finishes at or above its initial level. If the index finishes below its initial level but at or above 60% of its initial level, the payout will be par. Otherwise, investors will be fully exposed to the index decline.
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 index-linked notes
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| Underlying index: | Nasdaq-100 Technology Sector
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| Amount: | $160,000
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| Maturity: | Aug. 7, 2023
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Call: | At par plus 10% a year if index closes at or above initial level on any annual call date
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| Payout at maturity: | Par plus 30% if index finishes at or above its initial level; if index finishes below its initial level but above 60% of initial level, par; otherwise, full exposure to decline
|
| Initial level: | 6,300.77
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| Pricing date: | July 31
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| Settlement date: | Aug. 5
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.96%
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| Cusip: | 40057CET4
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