By Sarah Lizee
Olympia, Wash., Dec. 31 – GS Finance Corp. priced $291,000 of 0% autocallable index-linked notes due Dec. 31, 2024 tied to 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 be called at par plus an 8.5% annualized premium if the index closes at or above its initial level on an annual observation date.
If the notes are not called, the payout at maturity will be par plus 42.5% if the index closes at or above its initial level.
If the index falls by up to 35%, the payout will be par.
Otherwise, investors will be exposed to any losses.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $291,000
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| Maturity: | Dec. 31, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its initial level, par plus 42.5%; if index falls by up to 35%, par; otherwise, full exposure to losses
|
| Call: | At par plus 8.5% per year if index closes at or above initial level on an annual observation date
|
| Initial level: | 3,776.66
|
| Pricing date: | Dec. 23
|
| Settlement date: | Dec. 27
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.32%
|
| Cusip: | 40056XU95
|
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