By William Gullotti
Buffalo, N.Y., Jan. 4 – GS Finance Corp. priced $5 million of 0% buffer autocallable notes due Dec. 23, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Notes and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus 11.1% per year if the index closes at or above its initial level on any annual valuation date.
If the notes are not called and the index return is zero or positive, the payout at maturity will be par plus 33.3%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Goldman Sachs & Co. LLC is the agent with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor | Goldman Sachs Group, Inc.
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| Issue: | Buffer autocallable notes
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $5 million
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| Maturity: | Dec. 23, 2026
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the notes are not called and the index return is zero or positive, par plus 33.3%; par if the index falls by up to 10%; otherwise, 1% loss for each 1% decline beyond 10%
|
| Call: | Automatically at par plus 11.1% per year if the index closes at or above the initial index level on any annual valuation date
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| Initial level: | 4,533.82
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| Buffer level: | 4,080.44; 90% of initial level
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| Strike date: | Dec. 20
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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 with UBS Financial Services Inc. as selling agent
|
| Fees: | 2.5%
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| Cusip: | 36266M849
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