By Taylor Fox
New York, March 22 – GS Finance Corp. priced $1.41 million of 0% autocallable index-linked notes due March 12, 2027 tied to the S&P 500 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 5% per year if the index closes at or above its initial level on any annual call observation date.
The payout at maturity will be $1,300 if the index finishes at or above its initial level.
If the index return is negative but not less than negative 10%, the payout will be par; otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,410,000
|
| Maturity: | March 12, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, $1,300; if the index return is negative but not less than negative 10%, par; otherwise, 1% loss for each 1% that index declines beyond 10%
|
| Call: | At par plus 5% per year if index closes at or above initial level on any annual call observation date
|
| Initial level: | 3,875.44
|
| Barrier level: | 90% of initial level
|
| Pricing date: | March 9
|
| Settlement date: | March 12
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.525%
|
| Cusip: | 40057FR89
|
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