Chicago, Dec. 4 – GS Finance Corp. priced $1.06 million of 0% autocallable underlier-linked notes due April 2, 2024 linked to the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par a 11.8% annualized call premium if the lesser-performing underlier closes at or above its initial level on any annual observation date.
If the lesser-performing underlier finishes at or above its initial level, the payout at maturity will be par plus 35.4%.
If the worst performer falls by up to 20%, the payout will be par. Otherwise, investors will be exposed to the worst performer’s decline from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable underlier-linked notes
|
| Underlying assets: | Euro Stoxx 50 index, iShares MSCI Emerging Markets ETF
|
| Amount: | $1,058,000
|
| Maturity: | April 2, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the lesser-performing underlier finishes at or above initial level, par plus 35.4%; if the worst performer declines by no more than 20%, par; otherwise, investors will be fully exposed to the worst performer’s decline from its initial level
|
| Call: | Automatically at par plus 11.8% annualized premium if lesser-performing underlier closes at or above initial level on any annual observation date
|
| Initial levels: | 3,866.68 for index, $53.27 for fund
|
| Trigger buffer levels: | 80% of initial levels
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.45%
|
| Cusip: | 40057FT53
|
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