By Taylor Fox
New York, Nov. 16 – GS Finance Corp. priced $2.15 million of 0% index-linked notes due Nov. 3, 2025 tied to the lesser performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual 9% premium if all three indexes close above their initial levels on any annual call observation date.
If each index finishes at or above its 95% level, the payout will be par plus 45%.
If the lesser-performing index finishes between 65% and 95% of its initial level, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the lesser-performing index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying indexes: | Nasdaq 100 index, Russell 2000 index, S&P 500 index
|
| Amount: | $2,145,000
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| Maturity: | Nov. 3, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above 95% level, the payout will be par plus 45%; if the lesser-performing index finishes between 65% and 95% of initial level, par; otherwise, 1% loss for every 1% decline of the lesser-performing index
|
| Call: | Automatically at par plus 9% annual premium if all three indexes finish above their initial levels on any annual call observation date
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| Initial index levels: | 11,598.95 for Nasdaq, 1,590.482 for Russell and 3,390.68 for S&P
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| Trigger buffer levels: | 65% of initial levels
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| Pricing date: | Oct. 27
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| Settlement date: | Oct. 30
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 4.47%
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| Cusip: | 40057EDD6
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