By William Gullotti
Buffalo, N.Y., Nov. 9 – GS Finance Corp. priced $13.5 million of 0% step down trigger autocallable notes due Nov. 9, 2027 linked to the performance of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of 12.64% if the index closes at or above its initial level on any quarterly observation date after one year.
If the notes are not called and the index finishes at or above its 75% downside threshold, the payout at maturity will be par plus 63.2%.
Otherwise, investors will lose 1% for every 1% decline of the index from initial level.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC and UBS Financial Services Inc. are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Step down trigger autocallable notes
|
| Underlying index: | Russell 2000 index
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| Amount: | $13,495,000
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| Maturity: | Nov. 9, 2027
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index finishes at or above downside threshold, par plus 63.2%; otherwise, 1% loss for each 1% decline of the index from initial level
|
| Call: | At par plus 12.64% per year if the index closes at or above its call threshold level on any quarterly observation date after one year
|
| Initial level: | 1,799.866
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| Downside threshold: | 1,349.9; 75% of initial level
|
| Pricing date: | Nov. 4
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| Settlement date: | Nov. 9
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| Agents: | Goldman Sachs & Co. LLC and UBS Financial Services Inc.
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| Fees: | 1%
|
| Cusip: | 36264U363
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