By Kiku Steinfeld
Chicago, March 29 – GS Finance Corp. priced $739,000 of 0% autocallable index-linked notes due March 18, 2024 tied to the least performing of the Russell 2000 index and the S&P 500 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 automatically called at par plus an annualized premium of 8.3% if each index closes above its initial level on any semiannual call date starting after one year.
The payout at maturity will be $1,249 for each $1,000 note if both indexes finish at or above 85% of their initial levels.
If the least performing index finishes between 85% and 65% of its initial level, the payout will be par.
Otherwise, 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.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Russell 2000 index, S&P 500 index
|
| Amount: | $739,000
|
| Maturity: | March 18, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 8.3% annualized premium if both indexes close above initial level on any semiannual call date starting after one year
|
| Payout at maturity: | $1,249 for each $1,000 note if both indexes finish at or above 85% of initial level; par if least performing index finishes between 85% and 65% of its initial level; otherwise, 1% loss for every 1% decline of least performing index
|
| Initial levels: | 3,939.34 for S&P, 2,338.542 for Russell
|
| Barrier levels: | 85% of initial levels
|
| Downside threshold levels: | 65% of initial levels
|
| Pricing date: | March 11
|
| Settlement date: | March 16
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.25%
|
| Cusip: | 40057FRL0
|
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