By Taylor Fox
New York, Nov. 16 – GS Finance Corp. priced $3.43 million of 0% autocallable index-linked notes due Nov. 4, 2025 tied to the lesser performing of the S&P 500 index and the Euro Stoxx 50 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 rate of 8.95% if the lesser performing index closes at or above its initial level on any quarterly call observation date after one year.
If the notes are not called, the payout at maturity will be par plus 44.75% if the lesser performing index finishes at or above its initial level.
If the worst performer declines, but not more than 30%, from its initial level, the payout will be par.
Otherwise, investors will be exposed to any losses of the worst performer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Euro Stoxx 50 index, S&P 500 index
|
| Amount: | $3,430,000
|
| Maturity: | Nov. 4, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If lesser performing index finishes at or above its initial level, par plus 44.75% maturity premium; par if worst performer declines by up to 25%; otherwise, full exposure to losses of worst performer
|
| Call: | At par plus 8.95% per year if lesser performing index closes at or above initial level on any quarterly call date after one year
|
| Initial levels: | 2,963.54 for Stoxx and 3,271.03 for S&P
|
| Trigger buffer levels: | 70% of initial levels
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| Pricing date: | Oct. 28
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| Settlement date: | Oct. 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.8%
|
| Cusip: | 40057EHA8
|
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