By Wendy Van Sickle
Columbus, Ohio, Dec. 10 – GS Finance Corp. priced $502,000 of 0% autocallable index-linked notes due Dec. 1, 2023 tied to the least performing of 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 be called at par plus an annualized premium of 6% if each index closes above its initial level on a semiannual call date after one year.
The payout at maturity will be par plus 1.25 times the lesser performing index return, if each index finishes at or above its initial level. If either index falls but not below 85% of its initial level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the least performing index declines beyond 15%.
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 indexes: | S&P 500 index and the Russell 2000 index
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Amount: | $502,000
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Maturity: | Dec. 1, 2023
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Coupon: | 0%
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Price: | Par
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Call: | At par plus an annualized premium of 6% if each index closes above its initial level on a semiannual call date after one year
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Payout at maturity: | Par plus 1.25 times lesser performing index return, if each index finishes at or above its initial level; par | if either index falls but not below 85% of its initial level; otherwise, 1% loss for every 1% decline of least performing index beyond 15%
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Initial levels: | 3,635.41 for S&P and 1,853.532 for Russell
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Pricing date: | Nov. 24
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Settlement date: | Nov. 30
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.25%
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Cusip: | 40057ELG0
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