By Wendy Van Sickle
Columbus, Ohio, March 17 – GS Finance Corp. priced $14.1 million of 6% autocallable fixed-coupon index-linked notes due Sept. 29, 2022 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable semiannually.
The notes will be called at par if each index closes at or above its initial level on any semiannual autocall date.
The payout at maturity will be par if each index closes at or above its 80% trigger level.
If either index falls by more than 20%, investors will lose 1.25% for each 1% decline beyond the 20% buffer level of the worst performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable fixed-coupon index-linked notes
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Underlying indexes: | Russell 2000 index and S&P 500 index
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Amount: | $14.1 million
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Maturity: | Sept. 29, 2022
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Coupon: | 6% per year, payable semiannually
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Price: | Par
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Payout at maturity: | Par if each index closes at or above its 80% buffer level; otherwise, 1.25% loss for each 1% decline beyond the 20% buffer level of the worst performer
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Initial levels: | 2,245.059 for Russell, 3,875.44 for S&P
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Call: | At par if each index closes at or above its initial level on any semiannual autocall date
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Buffer level: | 80% of initial levels
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Pricing date: | March 10
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Settlement date: | March 15
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.3%
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Cusip: | 40057FRU0
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