By Taylor Fox
New York, Oct. 26 – GS Finance Corp. priced $1.73 million of autocallable contingent coupon notes due Sept. 30, 2024 linked to the Nasdaq-100 index 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.
Each quarter, the notes pay a contingent coupon at a rate of 7.56% per year if each index closes at or above 65% of its initial level on the observation date for that period.
The notes will be called at par plus the coupon if both indexes close above their initial levels on any quarterly potential autocall date after one year.
If the notes are not redeemed, the payout at maturity will be par plus the coupon unless any index finishes below 65% of its initial level, in which case investors will be exposed to the loss of the least performing index.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying indexes: | S&P 500 index and Nasdaq-100
|
| Amount: | $1,725,000
|
| Maturity: | Sept. 30, 2024
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| Coupon: | 7.56% per year; payable each quarter that each index closes at or above 65% of its initial level on observation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par plus coupon unless any index finishes below 65% of initial level, in which case exposure to loss of least performing index
|
| Call: | Par plus the coupon if each index closes above its initial level on any quarterly call observation date after one year
|
| Initial index levels: | 11,151.13 for Nasdaq, 3,298.46 for S&P
|
| Coupon trigger levels: | 65% of initial levels
|
| Trigger levels: | 65% of initial levels
|
| Pricing date: | Sept. 25
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| Settlement date: | Sept. 30
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.3%
|
| Cusip: | 40057CX48
|
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