Chicago, Dec. 7 – GS Finance Corp. priced $1.09 million of 0% autocallable index-linked notes due April 2, 2026 tied to the Nasdaq-100 index, the Dow Jones industrial average 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 annual call observation date, the notes will be called at par plus a 12.5% call premium amount.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 50%.
If the worst performer declines but finishes at or above 70% of its initial level, the payout will be par.
If any index falls by more than 30%, 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, Dow Jones industrial average and Russell 2000 index
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Amount: | $1,094,000
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Maturity: | April 2, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 50% if all indexes finish positive; par if worst performer declines but finishes above 70% 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 12.5% if all indexes finish above initial levels on any annual observation date
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Initial index levels: | 35,228.81 for Dow, 2,091.07 for Russell, 15,071.55 for Nasdaq
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Trigger buffer levels: | 70% of initial levels
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Pricing date: | March 30
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Settlement date: | April 4
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 2%
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Cusip: | 40057LLA7
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