By Cady Vishniac
Detroit, Dec. 31 – GS Finance Corp. priced $195,000 of 0% autocallable index-linked notes due June 30, 2022 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Beginning six months after issuance, if each index closes at or above its initial level on a quarterly call observation date, the notes will be automatically called at par plus a call premium of 5% per year.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 1.5 times the return of the lower-performing index.
If either index falls by up to 30%, the payout will be par.
If either index falls by more than 30%, investors will be exposed to the losses of the lower-performing index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Russell 2000 index and S&P 500 index
|
| Amount: | $195,000
|
| Maturity: | June 30, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, par plus 1.5 times the return of worse performer; if either index falls by up to 30%, par; if either index falls by more than 30%, investors will be exposed to the losses of the lesser-performing index from its initial level
|
| Call: | Automatically at par plus 5% per year if each index closes at or above initial index level on any quarterly call observation date beginning June 23, 2021
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| Initial index levels: | 2,007.104 for Russell and 3,690.01 for S&P
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| Pricing date: | Dec. 23
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| Settlement date: | Dec. 29
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.35%
|
| Cusip: | 40057ESJ7
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