By Wendy Van Sickle
Columbus, Ohio, Jan. 12 – GS Finance Corp. priced $2.5 million of 0% autocallable index-linked notes due Jan. 8, 2025 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 any quarterly observation date after one year, the notes will be called at par plus a 9.9% annualized call premium.
If each index finishes above its initial level, the payout will be par plus 29.7%.
If the worst performer declines but finishes at or above 80% of its initial level, the payout will be par.
If any index falls by more than 20%, investors will be exposed to 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, Russell 2000 index
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| Amount: | $2.5 million
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| Maturity: | Jan. 8, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes above its initial level, par plus 29.7%; if worst performer finishes above 80% of initial level, par; otherwise, investors will lose 1% for every 1% decline of the worst performer
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| Call: | If each index closes at or above initial level on any quarterly observation date after one year, notes will be called at par plus a 9.9% annualized call premium
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| Initial index levels: | 4,696.05 for S&P, 2,206.372 for Russell
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| Pricing date: | Jan. 6
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| Settlement date: | Jan. 13
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.25%
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| Cusip: | 40057KQJ5
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