By Taylor Fox
New York, Oct. 27 – GS Finance Corp. priced $222,000 of 0% autocallable index-linked notes due Oct. 2, 2023 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its 100% of its initial level on any semiannual call date after one year, the notes will be called at par plus a premium at an annual rate of 6%.
If the notes are not called and each index finishes at or above its initial level, the payout at maturity will be par plus 1.25 times the return of the lesser performing index.
If either index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the lesser performing index beyond 15%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC 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: | Russell 2000, S&P 500
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Amount: | $222,000
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Maturity: | Oct. 2, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, plus 1.25 times the return; if either index falls by up to 15%, par; otherwise, 1% loss for every 1% decline of the lesser performing index beyond 15%
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Call: | If each index closes at or above its initial level on any semiannual call date after one year, notes will be called at par plus a premium at an annual rate of 6%
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Initial index levels: | 1,474.908 for Russell, 3,298.46 for S&P
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Barrier levels: | 85% of initial levels
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Pricing date: | Sept. 25
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Settlement date: | Sept. 30
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.25%
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Cusip: | 40057CT68
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