Chicago, Feb. 12 – GS Finance Corp. priced $3.57 million of 0% autocallable notes due Feb. 11, 2030 linked to the GS Momentum Builder Multi-Asset 5S ER 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 redeemed early at par plus an annual 5.75% call return if the index finishes above the applicable call level on an annual call observation date, ending Jan. 29, 2029.
The initial call level is 102% of the initial level and increases 2% each year.
The payout at maturity will be par plus 2 times any index gain. If the index falls, the payout will be par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable notes
|
| Underlying index: | GS Momentum Builder Multi-Asset 5S ER index
|
| Amount: | $3,571,000
|
| Maturity: | Feb. 11, 2030
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2 times any index gain; otherwise, par
|
| Call: | At par plus an annual call premium of 5.75% if the index closes at or above its call level on any annual review date
|
| Initial index level: | 110.61
|
| Call level: | 102% of the initial level for the Jan. 28, 2021 review date, stepping up by 200 bps on each subsequent call review date up to 118% of the initial level on the Jan. 28, 2029 final review date
|
| Pricing date: | Jan. 28
|
| Settlement date: | Jan. 31
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.7%
|
| Cusip: | 40056XZC3
|
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