By Kiku Steinfeld
Chicago, Nov. 3 – GS Finance Corp. priced $654,000 of 0% autocallable index-linked notes due Aug. 30, 2023 tied to the Russell 2000 index and 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 be called at par plus a 7.875% annualized premium if both indexes close at or above their initial index levels on any quarterly observation date after six months.
If both indexes finish above their initial levels, the payout at maturity will be par plus 1.5 times the lesser performing index return.
If the worst performer finishes above 70% of its initial level, the payout will be par.
If any index falls by more than 30%, investors will be exposed to any losses of the lesser-performing index from its initial level.
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 indexes: | Russell 2000, Nasdaq-100
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| Amount: | $654,000
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| Maturity: | Aug. 30, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the return of each index is positive, par plus 1.5 times the lesser performing index return; if worst performer finishes above trigger buffer level, par; if any index falls by more than trigger buffer, investors will be fully exposed to any losses of the least-performing index from its initial level
|
| Call: | At par plus 7.875% annualized premium if both indexes close at or above their initial index levels on any quarterly observation date after six months
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| Initial levels: | 13,509.43 for Nasdaq, 1,944.092 for Russell
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| Trigger buffer levels: | 70% of initial levels
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.13%
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| Cusip: | 40057KXM0
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