By Taylor Fox
New York, Oct. 26 – GS Finance Corp. priced $788,000 of autocallable contingent coupon notes due March 28, 2022 linked to the Nasdaq-100 index, the S&P 500 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 quarterly coupon of 8.3% per annum if each index closes at or above its 60% coupon trigger level on the determination date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any quarterly determination date.
The payout at maturity will be par unless any index finishes below par and finishes below its 50% downside threshold on any day during the life of the notes, in which case investors will lose 1% for every 1% that the least-performing index declines from its initial level.
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 contingent coupon notes
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Underlying indexes: | Nasdaq-100, Russell 2000, S&P 500
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Amount: | $788,000
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Maturity: | March 28, 2022
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Contingent coupon: | 8.3% annualized, payable quarterly if each index closes at or above 60% coupon trigger level on the determination date for that quarter
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Price: | Par
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Payout at maturity: | Par unless any index finishes below par and closes below its downside threshold on any day during the life of the notes, in which case investors will lose 1% for every 1% that the least-performing index declines from its initial level
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Call: | Automatically at par if each index closes at or above initial level on any quarterly call observation date
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Initial index levels: | 3,281.06 for S&P, 10,980.22 for Nasdaq and 1,485.252 for Russell
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Coupon trigger levels: | 60% of initial levels
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Trigger buffer levels: | 50% of initial levels
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Pricing date: | Sept. 21
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Settlement date: | Sept. 24
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.78%
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Cusip: | 40057CWW7
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