By Wendy Van Sickle
Columbus, Ohio, Aug. 21 – GS Finance Corp. priced $2.95 million of 0% autocallable buffered index-linked notes due Aug. 21, 2025 linked to the S&P 500 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 automatically called at par plus an 8% annualized call premium if the index closes at or above 96.7% of the initial index level on a quarterly observation date after a year.
If the notes are not called and the index return is at least 96.7% of the initial level, the payout at maturity will be par plus 40%. Investors will receive par if the index finishes below 96.7% of its initial level but above 80% of its initial level and will lose 1.25% for each 1% loss beyond 20%.
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 buffered index-linked notes
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| Underlying index: | S&P 500
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| Amount: | $2.95 million
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| Maturity: | Aug. 21, 2025
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If the notes are not called and the index return is at least 96.7% of initial level, par plus 40%; par if the index falls by more than 3.3% but not more than 20%; 1.25% loss for each 1% loss beyond 20%
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| Call: | Automatically at par plus 8% annualized premium if the index closes at or above 96.7% of the initial index level on a quarterly observation date after a year
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| Initial level: | 3,389.78
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| Pricing date: | Aug. 18
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| Settlement date: | Aug. 21
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.35%
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| Cusip: | 40057CNW7
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