By William Gullotti
Buffalo, N.Y., Jan. 8 – GS Finance Corp. priced $2.07 million of 0% market-linked securities – autocallable with fixed percentage buffered downside due Jan. 4, 2027 linked to the SPDR S&P Oil & Gas Exploration & Production ETF, 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 12.05% if the ETF closes at or above the initial level on any semiannual call observation date after one year.
If the securities are not called, payout at maturity will be par unless the ETF falls by more than 10%, in which case investors will be exposed to losses beyond 10%.
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.
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| Issue: | Market-linked securities – autocallable with fixed percentage buffered downside
|
| Underlying fund: | SPDR S&P Oil & Gas Exploration & Production ETF
|
| Amount: | $2,066,000
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| Maturity: | Jan. 4, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless ETF falls by more than 10%, in which case lose 1% for every 1% decline beyond 10%
|
| Call: | Automatically at par plus 12.05% annualized call premium if the ETF closes at or above the initial level on any semiannual call observation date after one year
|
| Initial level: | $138.12
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Dec. 28
|
| Settlement date: | Jan. 3
|
| Agents: | Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC
|
| Fees: | 2.575%
|
| Cusip: | 40057XHL2
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