By Taylor Fox
New York, Oct. 26 – GS Finance Corp. priced $732,000 of 0% autocallable index-linked notes due Sept. 29, 2025 tied to the Dow Jones industrial average and 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 called at par plus an annual 8.15% premium if both indexes close above their initial levels on any annual call observation date.
If the notes are not called, investors will receive par plus 40.75% if the final underlier levels of both are above their initial values.
If the final value of at least one index declines, but not more than 20%, investors will receive par.
Otherwise, investors will be fully exposed to the decline of the worst performing index.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying indexes: | Dow Jones industrial average and S&P 500
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| Amount: | $732,000
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| Maturity: | Sept. 29, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 40.75% if both indexes finish above their initial value; par if at least one index declines, but not more than 20%; otherwise, full exposure to losses of the worst-performing index
|
| Call: | Par plus annual 8.15% premium if both indexes close above their initial levels on any annual call observation date
|
| Initial levels: | 27,147.7 for Dow, 3,281.06 for S&P
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| Trigger buffer levels: | 80% of initial levels
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| Pricing date: | Sept. 21
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| Settlement date: | Sept. 24
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| Agent: | Goldman Sachs & Co.
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| Fees: | 4.45%
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| Cusip: | 40057CWB3
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