By Wendy Van Sickle
Columbus, Ohio, Jan. 11 – GS Finance Corp. priced $9 million of autocallable contingent coupon index-linked notes due July 10, 2025 linked to the least performing of the S&P 500 index, the Nasdaq-100 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a quarterly contingent coupon of 10.5% per year if each index is at or above the 70% coupon trigger level on the corresponding observation date.
The notes will automatically be called at par plus the coupon if each index closes at or above its initial level on any quarterly observation date.
At maturity, if each index finishes at or above its 65% trigger level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worst performer.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon index-linked notes
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| Underlying assets: | S&P 500 index, Nasdaq-100 index, Euro Stoxx 50 index
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| Amount: | $9 million
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| Maturity: | July 10, 2025
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| Coupon: | 10.5% per year, paid quarterly if each index is at or above the coupon trigger level on the corresponding observation date
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| Price: | Par
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| Payout at maturity: | Par plus coupon if each index finishes at or above trigger level; otherwise, lose 1% for each 1% decline of the worst performer
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| Call: | Automatically at par plus coupon if each index closes at or above initial level on any quarterly observation date
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| Initial levels: | 4,474.01 for Stoxx, 4,688.68 for S&P, 16,282.01 for Nasdaq
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| Coupon trigger levels: | 70% of initial levels
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| Trigger levels: | 65% of initial levels
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| Pricing date: | Jan. 2
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| Settlement date: | Jan. 10
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0%
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| Cusip: | 40057XT96
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