Chicago, Sept. 11 – GS Finance Corp. priced $2.3 million of 0% autocallable buffered index-linked notes due Sept. 10, 2027 linked to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus a 10.75% annual call premium if the index closes above its initial level on any of the three annual call observation dates.
If the notes are not called and the index return is positive, the payout at maturity will be par plus 43%.
Investors will receive par if the index falls by up to 25% and will lose 1.3333% for each 1% loss beyond 25%.
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 buffered index-linked notes
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| Underlying index: | S&P 500 Futures Excess Return index
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| Amount: | $2,300,000
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| Maturity: | Sept. 10, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and the index return is positive, par plus 43% maturity date premium; par if the index falls by up to 25%; otherwise, 1.3333% loss for each 1% decline beyond 25%
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| Call: | Automatically at par plus 10.75% annual call premium if index closes above initial level on any annual call observation date
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| Initial level: | 404.08
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| Buffer level: | 75% of initial level
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| Pricing date: | Sept. 5
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| Settlement date: | Sept. 8
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.65%
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| Cusip: | 40057TZX5
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