By Kiku Steinfeld
Chicago, April 20 – GS Finance Corp. priced $505,000 of autocallable contingent coupon index-linked notes due Dec. 26, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index closes at or above its 70% coupon trigger level on the corresponding semiannual observation date, investors will receive a contingent semiannual coupon of 9% per year, plus any previously unpaid coupons.
The notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any semiannual observation date.
The payout at maturity will be par unless any asset closes below 70% of its initial level, in which case investors will be fully exposed to the decline.
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 index: | S&P 500 index
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| Amount: | $505,000
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| Maturity: | Dec. 26, 2025
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| Contingent coupon: | 9% annualized, payable each six months if the index closes at or above coupon trigger level on the corresponding semiannual observation date, plus any previously unpaid coupons
|
| Price: | Par
|
| Payout at maturity: | Par unless index closes below 70% of its initial level, in which case investors will be fully exposed to the decline from its initial level
|
| Call: | Automatically at par plus contingent coupon if the index closes at or above initial level on any semiannual observation date
|
| Initial levels: | 3,878.44
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| Coupon trigger level: | 70% of initial level
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| Trigger level: | 70% of initial level
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| Pricing date: | Dec. 21
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| Settlement date: | Dec. 27
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0%
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| Cusip: | 40057P6D9
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