Chicago, Nov. 10 – GS Finance Corp. priced $8.37 million of 0% autocallable underlier-linked notes due May 8, 2025 linked to the S&P 500 index and the iShares MSCI EAFE ETF, according to a 424B2 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 10.3% annualized call premium if the lesser-performing underlier closes at or above its initial level on either of the semiannual call observation dates.
If the lesser-performing underlier finishes at or above its initial level, the payout at maturity will be par plus 15.45%.
If either underlier declines but both finish above the 80% buffer level, investors will receive par plus the absolute value of the lesser performing underlier return.
Otherwise, investors will lose 1.25% loss for each 1% decline beyond the 20% buffer.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable underlier-linked notes
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| Underlying assets: | S&P 500 index and iShares MSCI EAFE ETF
|
| Amount: | $8,370,000
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| Maturity: | May 8, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If both underliers close above initial levels, par plus 15.45%; par plus absolute value of worse performer if either asset declines but both end above buffer; otherwise, exposure 1.25% loss for each 1% decline of worst performer beyond buffer
|
| Call: | Automatically at par plus 10.3% annualized call premium if lesser-performing underlier closes at or above initial level on either semiannual observation date
|
| Initial levels: | 4,358.34 for index, $69.66 for fund
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| Buffer levels: | 80% of initial levels
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| Pricing date: | Nov. 7
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| Settlement date: | Nov. 10
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.15%
|
| Cusip: | 40057X4T9
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