By Kiku Steinfeld
Chicago, Nov. 19 – GS Finance Corp. priced $20,000 of 0% autocallable index-linked notes due Aug. 4, 2031 tied to the Goldman Sachs Momentum Builder Focus ER 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 10% call premium if the index closes at or above its call level, 101.5% of initial level, on any semiannual call observation date after one year. The call level increases by 1.5% per year.
If the notes are not called and the index finishes above its initial level, the payout at maturity will be par plus 1.5 times the index return.
If the index finishes flat or declines, investors will receive par.
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 index: | Goldman Sachs Momentum Builder Focus ER index
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Amount: | $20,000
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Maturity: | Aug. 4, 2031
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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 plus1.5 times the index return; if the index finishes flat or declines, par
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Call: | At par plus an annualized 10% call premium if index closes at or above call level on any semiannual call observation date after one year; call level starts at 101.5% of initial and increases by 1.5% per year
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Initial level: | 105.63
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Pricing date: | July 30
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Settlement date: | Aug. 4
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.5%
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Cusip: | 40057HUS7
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