By Taylor Fox
New York, Dec. 15 – GS Finance Corp. priced $1.98 million of 0% autocallable index-linked notes due Dec. 14, 2026 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above its call level on any annual call date, the notes will be called at par plus an annual call premium of 5%. The call level for the index will be equal to its initial level.
If the notes are not called and the index finishes at or above its initial level, the payout will be par plus 30%.
If the index falls by up to 5%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the index beyond the 5% buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,975,000
|
| Maturity: | Dec. 14, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and the index finishes at or above its initial level, par plus 30%; if the index falls by up to 5%, par; otherwise, 1% loss for every 1% decline of the index beyond the 5% buffer
|
| Call: | If the index closes at or above its call level on any annual call date, notes will be called at par plus an annual call premium of 5%; call level for the index will be equal to its initial level
|
| Initial index level: | 3,702.25
|
| Barrier level: | 95% of initial levels
|
| Pricing date: | Dec. 8
|
| Settlement date: | Dec. 11
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.875%
|
| Cusip: | 40057ET80
|
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