By Kiku Steinfeld
Chicago, Sept. 21 – GS Finance Corp. priced $394,000 of 0% autocallable index-linked notes due July 9, 2024 tied to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on one of two annual call observation dates, the notes will be called at par plus an 8.5% annualized call premium.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 25.5%.
If the worst performer finishes at or above 65% of its initial level, the payout will be par.
If any index falls by more than 35%, investors will be exposed to the decline of the worst 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.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying indexes: | S&P 500 index, Russell 2000 index
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| Amount: | $394,000
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| Maturity: | July 9, 2024
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| Coupon: | 0%
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| 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 25.5%; if worst performer finishes at or above 65% of initial level, par; if any index falls by more than 35%, investors will be exposed to the decline of the worst performing index from its initial level
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| Call: | If each index closes at or above initial level on one of two annual call observation dates, notes will be called at par plus 8.5% yearly premium
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| Initial index levels: | 2,310.549 for Russell, 4,297.50 for S&P
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| Trigger buffer levels: | 65% of initial levels
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| Pricing date: | June 30
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| Settlement date: | July 6
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.68%
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| Cusip: | 40057HGW4
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