By Taylor Fox
New York, March 18 – GS Finance Corp. priced $1.5 million of autocallable contingent coupon index-linked notes due March 10, 2025 linked to the Nasdaq-100 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 payment at an annualized rate of 7.2% if the shares close at or above the 80% threshold level on the observation date for that quarter.
The notes will be automatically called at par plus the contingent coupon if the index closes at or above the initial price on any determination date.
The payout at maturity will be par plus the final coupon unless the shares finish below the 80% threshold level, in which case investors will be exposed to any declines.
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 index-linked notes
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| Underlying index: | Nasdaq-100 index
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| Amount: | $1.5 million
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| Maturity: | March 10, 2025
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| Coupon: | 7.2%, payable quarterly if index closes at or above barrier price, 80% of initial share price, on valuation date for that quarter
|
| Price: | Par
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| Payout at maturity: | If final share price is at least 80% of initial share price, par plus contingent coupon; otherwise, full exposure to decline in share price
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| Call: | Automatically at par plus contingent coupon if shares close at or above initial share price on any quarterly determination date
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| Initial share price: | 12,668.51
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| Pricing date: | March 5
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| Settlement date: | March 10
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.3%
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| Cusip: | 40057FPK4
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