By Wendy Van Sickle
Columbus, Ohio, Oct. 5 – GS Finance Corp. priced $8 million of 0% autocallable index-linked notes due July 27, 2026 tied to the S&P 500 index, the Euro Stoxx 50 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 any quarterly call date after six months, the notes will be called at par plus a 9.5% 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 47.5%.
If the worst performer finishes above 75% of its initial level, the payout will be par.
If any index falls by more than 25%, investors will lose 1% for each 1% the decline of the worst performing index.
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, Euro Stoxx 50 index, Russell 2000 index
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| Amount: | $8 million
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| Maturity: | July 27, 2026
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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 47.5%; if worst performer finishes above 75% of initial level, par; otherwise, 1% loss for each 1% decline of worst performer
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| Call: | If each index closes at or above initial level on any quarterly call date after six months, notes will be called at par plus a 9.5% annualized call premium
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| Initial index levels: | 4,258.49 for S&P, 3,928.53 for Euro Stoxx, 2,130.68 for Russell
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| Buffer levels: | 75% of initial levels
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| Pricing date: | July 19
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| Settlement date: | July 21
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.95%
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| Cusip: | 40057HUW8
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