By Kiku Steinfeld
Chicago, Jan. 11 – GS Finance Corp. priced $157,000 of 0% autocallable index-linked notes due Jan. 9, 2024 tied to the S&P 500 index, the Nasdaq-100 index and the Russell 2000 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 a 10% annualized premium if each index closes at or above its call level on any annual call observation date. The call level will be 100% of each index’s initial level.
If the notes are not called and each index closes at or above 95% of its initial level, the payout at maturity will be par plus 30%.
If any index falls below 95% of its initial level but no index finishes below 70% of its initial level, the payout at maturity will be par.
If any index falls by more than 30%, investors will be exposed to any losses of the least-performing index.
Goldman Sachs & Co. 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: | S&P 500, Nasdaq-100, Russell 2000
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Amount: | $157,000
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Maturity: | Jan. 9, 2024
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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% of its initial level, par plus 30%; if any index falls below 95% of its initial level but no index finishes below 70% of its initial level, par; if any index falls by more than 30%, par plus return of least-performing index, with full exposure to losses
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Call: | At par plus 10% annualized if each index closes at or above its call level on any annual call observation date; call level will be 100% of each index’s initial level
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Initial index levels: | 1,979.992 for Russell, 3,732.04 for S&P and 12,845.36 for Nasdaq
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Pricing date: | Dec. 30
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Settlement date: | Jan. 5
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Agent: | Goldman Sachs & Co.
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Fees: | 1.03%
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Cusip: | 40057ESP3
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