By Taylor Fox
New York, Oct. 19 – GS Finance Corp. priced $3.24 million of autocallable contingent coupon notes due Sept. 23, 2025 linked to the Euro Stoxx 50 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.
The notes will pay a contingent monthly coupon of 5.5% per annum if each index closes at or above its 80% coupon trigger level on the determination date for that period.
The notes will be called at par if each index closes at or above its initial level on any quarterly call observation date after one year.
The payout at maturity will be par unless any index finishes below its 85% buffer level, in which case investors will lose 1% for every 1% that the least-performing index declines beyond the 15% buffer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying indexes: | Euro Stoxx 50 index and Russell 2000
|
| Amount: | $3,237,000
|
| Maturity: | Sept. 23, 2025
|
| Contingent coupon: | 5.5% annualized, payable monthly if each index closes at or above 80% coupon trigger level on the determination date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless any index finishes below its buffer level, in which case investors will lose 1% for every 1% that the least-performing index declines beyond 15% buffer
|
| Call: | Automatically at par each index closes at or above initial level on any quarterly call observation date beginning after one year
|
| Initial index levels: | 1,552.329 for Russell and 3,338.84 for Euro Stoxx
|
| Buffer levels: | 85% of initial levels
|
| Pricing date: | Sept. 16
|
| Settlement date: | Sept. 21
|
| Agent: | Goldman, Sachs & Co. LLC
|
| Fees: | 4.1%
|
| Cusip: | 40057CVL2
|
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