By William Gullotti
Buffalo, N.Y., Sept. 27 – GS Finance Corp. priced $2.6 million of 0% autocallable index-linked notes due July 10, 2023 tied to the Euro Stoxx 50 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 a 12.6% call premium if the index closes at or above its initial level on July 14, 2022.
If the notes are not called, the payout at maturity will be par plus double the index return if the index finishes at or above its initial level.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan is acting as placement 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 index: | Euro Stoxx 50 index
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Amount: | $2.6 million
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Maturity: | July 10, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above its initial level, par plus two times the index return; otherwise, full exposure to the decline of the index from its initial level
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Call: | At par plus a 12.6% call premium if index closes at or above initial level on July 14, 2022
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Initial level: | 4,052.67
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Pricing date: | July 6
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Settlement date: | July 13
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Underwriter: | Goldman Sachs & Co. LLC
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Placement agent: | JPMorgan
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Fees: | 1.5%
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Cusip: | 40057HSP6
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