By William Gullotti
Buffalo, N.Y., Dec. 5 – GS Finance Corp. priced $5 million of 0% market-linked autocallable securities with fixed percentage buffered downside due Dec. 1, 2027 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus an annualized call premium of 11.75% if the index closes at or above the initial level on any quarterly valuation date after one year.
The payout at maturity will be par unless the index falls by more than 10%, in which case investors will be exposed to losses beyond the 10% buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Market-linked autocallable securities with fixed-percentage buffered downside
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| Underlying index: | Nasdaq-100 index
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| Amount: | $5 million
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| Maturity: | Dec. 1, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par unless index falls by more than 10%, in which case lose 1% for every 1% decline beyond 10%
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| Call: | Automatically at par plus 11.75% annualized call premium if the index closes at or above the initial level on any quarterly valuation date after one year
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| Initial level: | 11,587.75
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| Buffer level: | 90% of initial level
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| Pricing date: | Nov. 28
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| Settlement date: | Dec. 1
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| Agents: | Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC
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| Fees: | 2.825%
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| Cusip: | 40057NYU5
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