By William Gullotti
Buffalo, N.Y., Dec. 20 – GS Finance Corp. priced $2.21 million of autocallable contingent coupon index-linked notes due Dec. 19, 2024 tied to the Nasdaq-100 index and 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 pay a contingent monthly coupon at an annual rate of 8.65% if each index closes at or above the coupon trigger level, 80% of the initial level, on the valuation date for that period.
The notes will be called at par plus a coupon if each index closes at or above its initial index level on any quarterly call observation date after six months.
If the notes are not called and each index closes at or above the 80% trigger buffer level, the payout at maturity will be par plus the final coupon. Otherwise, investors will lose 1.25% for every 1% decline of the worst performer below the buffer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon index-linked notes
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| Underlying indexes: | Nasdaq-100 index, Euro Stoxx 50 index
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| Amount: | $2,208,000
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| Maturity: | Dec. 19, 2024
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| Coupon: | 8.65% annualized rate, payable monthly if each index closes at or above coupon trigger level, on valuation date for that period
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| Price: | Par
|
| Payout at maturity: | If each index finishes at or above trigger buffer level, par plus final coupon; otherwise, lose 1.25% for every 1% decline of the worst performer below 20%
|
| Call: | At par plus coupon if each index closes at or above its initial level on any quarterly call observation date after six months
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| Initial index levels: | 2,231.677 for Nasdaq, 3,991.66 for Stoxx
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| Trigger buffer level: | 80% of initial levels
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| Coupon trigger level: | 80% of initial levels
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| Pricing date: | Dec. 15
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| Settlement date: | Dec. 20
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.1%
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| Cusip: | 40057KJN4
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