By Kiku Steinfeld
Chicago, Nov. 28 – GS Finance Corp. priced $75,000 of autocallable contingent coupon notes due March 30, 2027 linked to the lowest performing of the S&P 500 index and the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent monthly coupon if each asset closes at or above its 80% coupon trigger level on the determination date for that period. The coupon will be at an annualized rate of 9.5%.
The notes will be called at par plus the contingent coupon if each asset closes at or above its initial level on any monthly determination date after one year.
The payout at maturity will be par unless either asset finishes below 80% of its initial level, in which case investors will be fully exposed to the decline of the least performing asset beyond 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
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| Underlying assets: | S&P 500 index and Energy Select Sector SPDR fund
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| Amount: | $75,000
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| Maturity: | March 30, 2027
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| Contingent coupon: | 9.5% annual rate, payable monthly if each asset closes at or above coupon trigger level on the determination date for that period
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| Price: | Par
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| Payout at maturity: | Par plus any coupon due unless either asset finishes below buffer level, in which case investors will be fully exposed to the decline of the least performing asset beyond 20%
|
| Call: | Automatically at par plus contingent coupon if each asset closes at or above initial level on any monthly call observation date after one year
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| Initial asset levels: | 4,456.24 for S&P and $76.87 for Energy
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| Coupon trigger levels: | 80% of initial levels
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| Buffer levels: | 80% of initial levels
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| Pricing date: | March 23
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| Settlement date: | March 28
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.75%
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| Cusip: | 40057LH61
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