By Taylor Fox
New York, Feb. 16 – GS Finance Corp. priced $1.63 million of autocallable contingent coupon index-linked notes due July 19, 2022 tied to the least 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 pay a contingent quarterly coupon at an annualized rate of 8.15% if each index closes above its 60% coupon barrier on the related observation date.
The notes will be called at par plus a contingent coupon if each index closes at or above its initial level on any quarterly call observation date.
The payout at maturity will be par if all the indexes finish above par or never close below the 60% trigger buffer level on any day during the life of the notes. Otherwise, investors will be fully exposed to the losses of the worst performer.
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.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index, S&P 500 index
|
| Amount: | $1,630,000
|
| Maturity: | July 19, 2022
|
| Coupon: | 8.15%, payable quarterly if each index closes above its coupon barrier on the related observation date
|
| Price: | Par
|
| Payout at maturity: | Par if all indexes finish above their initial levels or never close below trigger buffer level on any day during the life of the notes; otherwise, full exposure to losses of worst performer
|
| Call: | Automatically at par plus contingent coupon if each index closes at or above its initial level on any quarterly call observation date
|
| Initial index levels: | 3,801.19 for S&P, 2,127.959 for Russell and 12,892.09 for Nasdaq
|
| Coupon trigger levels: | 60% of initial levels
|
| Trigger buffer levels: | 60% of initial levels
|
| Pricing date: | Jan. 12
|
| Settlement date: | Jan. 15
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.79%
|
| Cusip: | 40057F3S1
|
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