By William Gullotti
Buffalo, N.Y., Nov. 6 – GS Finance Corp. priced $8.44 million of 0% market-linked autocallable securities with fixed percentage buffered downside due Nov. 2, 2026 linked to the S&P 500 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 9.25% if the index closes at or above the initial level on any annual call observation date.
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.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Market-linked autocallable securities with fixed-percentage buffered downside
|
| Underlying index: | S&P 500 index
|
| Amount: | $8,435,000
|
| Maturity: | Nov. 2, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless index falls by more than 10%, in which case lose 1% for every 1% decline beyond 10%
|
| Call: | Automatically at par plus 9.25% annualized call premium if the index closes at or above the initial level on any annual call observation date
|
| Initial level: | 4,166.82
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Oct. 30
|
| Settlement date: | Nov. 2
|
| Agents: | Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC
|
| Fees: | 2.575%
|
| Cusip: | 40057WRX7
|
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