By William Gullotti
Buffalo, N.Y., Jan. 31 – GS Finance Corp. priced $2.45 million of 0% autocallable underlier-linked notes due Jan. 22, 2029 linked to the Nasdaq-100 index and the SPDR S&P 500 ETF Trust, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus a 9.85% annualized call premium if the lesser-performing underlier closes at or above its initial level on any quarterly valuation date after one year.
If the lesser-performing underlier finishes at or above its initial level, the payout at maturity will be par plus 1.25 times the return of the lesser-performing underlier.
If the worst performer falls by up to 25%, the payout will be par. Otherwise, investors will be exposed to the worst performer’s decline from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable underlier-linked notes
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Underlying assets: | Nasdaq-100 index, SPDR S&P 500 ETF Trust
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Amount: | $2,446,000
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Maturity: | Jan. 22, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the lesser-performing asset finishes at or above initial level, par plus 1.25 times the return of the lesser-performing underlier; if the worst performer declines by up to 25%, par; otherwise, investors will be fully exposed to the worst performer’s decline from its initial level
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Call: | Automatically at par plus a 9.85% annualized call premium if lesser-performing underlier closes at or above initial level on any quarterly valuation date after one year
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Initial levels: | 16,736.28 for index, $472.29 for fund
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Trigger buffer levels: | 75% of initial levels
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Pricing date: | Jan. 17
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Settlement date: | Jan. 22
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 4.1%
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Cusip: | 40057XSP1
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