By Sarah Lizee
Olympia, Wash., Dec. 26 – GS Finance Corp. priced $324,000 of 0% autocallable index-linked notes due Dec. 29, 2023 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 9% annualized premium if both indexes close at or above their initial index levels on any annual call observation date after one year.
If the notes are not called, the payout at maturity will be par plus 45% if each index closes at or above its initial level.
If either index falls by up to 40%, the payout at maturity will be par.
If either index falls by more than 40%, investors will be exposed to any losses of the worse-performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Russell 2000, S&P 500
|
| Amount: | $324,000
|
| Maturity: | Dec. 29, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above initial level, par plus 45%; if either index falls by up to 40%, par; if either index falls by more than 40%, par plus return of worst-performing index, with full exposure to losses
|
| Call: | At par plus 9% annualized if both indexes close at or above their initial levels on any annual call observation date after a year
|
| Initial index levels: | 1,292.086 for Russell 2000 and 2,416.62 for S&P 500
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| Pricing date: | Dec. 21
|
| Settlement date: | Dec. 27
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 4.725%
|
| Cusip: | 40056EKA5
|
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