By Taylor Fox
New York, Feb. 17 – GS Finance Corp. priced $7.94 million 6.4% autocallable fixed-coupon notes due July 22, 2022 linked to the lesser performing of 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.
Interest is payable semiannually.
The notes will be automatically called at par plus the coupon if each index closes at or above its initial level on any semiannual call observation date.
If the notes are not subject to an automatic call, the payout at maturity will be par unless either index finishes below 80% of its initial level, in which case investors will lose 1.25% for every 1% decline of the lesser performing index beyond the 20% buffer.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable fixed-coupon notes
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000
|
| Amount: | $7,944,000
|
| Maturity: | July 22, 2022
|
| Coupon: | 6.4%, payable semiannually
|
| Price: | Par
|
| Call: | At par plus the coupon if each index closes at or above its initial level on any semiannual call observation date
|
| Payout at maturity: | If the notes are not subject to an automatic call, the payout at maturity will be par unless either index finishes below its buffer level, in which case investors will lose 1.25% for every 1% decline of the lesser performing index beyond the buffer
|
| Initial levels: | 13,366.40 for Nasdaq and 2,168.758 for Russell
|
| Buffer levels: | 80% of initial levels
|
| Pricing date: | Jan. 25
|
| Settlement date: | Jan. 28
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.3%
|
| Cusip: | 40057FAE4
|
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