Chicago, Oct. 10 – GS Finance Corp. priced $20,000 of autocallable contingent coupon index-linked notes due Nov. 7, 2024 tied to the Nasdaq-100 Technology Sector index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a 13% monthly coupon if the index closes above its 80% coupon trigger level on the related observation date.
The notes will be called at par if the index closes above its initial level on any monthly call observation date starting after six months.
The payout at maturity will be par if the index closes above its 80% trigger buffer level.
Otherwise, investors will be exposed to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
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 index: | Nasdaq-100 Technology Sector index
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| Amount: | $20,000
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| Maturity: | Nov. 7, 2024
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| Coupon: | 13% annual rate, payable monthly if index closes above coupon trigger level on related observation date
|
| Price: | Par
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| Payout at maturity: | Par if index closes above trigger buffer level; otherwise full exposure to losses
|
| Call: | Automatically at par if index closes above initial level on any monthly call observation date starting after six months
|
| Initial level: | 7,907.023
|
| Coupon trigger level: | 80% of initial level
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| Trigger buffer level: | 80% of initial level
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| Pricing date: | Oct. 4
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| Settlement date: | Oct. 10
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.65%
|
| Cusip: | 40057WEA1
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