Chicago, Sept. 18 – GS Finance Corp. priced $155,000 of 0% autocallable index-linked notes due March 30, 2026 tied to the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on any annual call observation date, the notes will be called at par plus 7.25% annual call premium.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus the lesser performing index return.
If the worst performer finishes above 90% of its initial level, the payout will be par.
If either index falls by more than 10%, investors will be exposed to any losses of the lesser-performing index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying indexes: | Dow Jones industrial average, S&P 500
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| Amount: | $155,000
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| Maturity: | March 30, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, par plus the least performing index return; if worst performer finishes above trigger buffer level, par; if either index falls by more than trigger buffer level, investors will be exposed to any losses of the lesser-performing index from its initial level
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| Call: | If each index closes at or above initial level on any annual call observation date, notes will be called at par plus 7.25% annual call premium
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| Initial index levels: | 32,423.15 for Dow and 3,910.52 for S&P
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| Trigger buffer levels: | 90% of initial levels
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| Pricing date: | March 23
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| Settlement date: | March 26
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.45%
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| Cusip: | 40057FT87
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