Chicago, Nov. 1 – GS Finance Corp. priced $263,000 of 0% autocallable index-linked notes due March 7, 2025 tied to the Nasdaq-100 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 either of two annual call dates, the notes will be called at par plus 11.5% per year.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 34.5%.
If the worst performer declines but 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: | Nasdaq-100 index, Russell 2000 index
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Amount: | $263,000
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Maturity: | March 7, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 34.5% if indexes finish flat or positive; par if worst performer declines but finishes at or above 65% of initial level; otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level
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Call: | Automatically at par plus 11.5% per year if indexes finish at or above initial levels on either of two annual call dates
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Initial index levels: | 14,237.81 for Nasdaq, 2,048.089 for Russell
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Trigger buffer levels: | 65% of initial levels
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Pricing date: | Feb. 28
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Settlement date: | March 3
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.5%
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Cusip: | 40057KZQ9
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