By William Gullotti
Buffalo, N.Y., Feb. 20 – GS Finance Corp. priced $1.66 million of 0% autocallable index-linked notes due Feb. 16, 2029 tied to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an 8% annualized call premium if the index closes at or above its initial level on any annual valuation date.
If the notes are not called and the index finishes flat or positive, the payout at maturity will be par plus 40%.
Investors will receive par if the index falls by no more than 20% and will lose 1% for every 1% decline beyond 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying index: | S&P 500 Futures Excess Return index
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| Amount: | $1,661,000
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| Maturity: | Feb. 16, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above its initial level, par plus 40%; if the index declines by up to 20%, par; otherwise, lose 1% for every 1% decline beyond 20%
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| Call: | At par plus an 8% annualized call premium if index closes at or above initial level on any annual valuation date
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| Initial level: | 442.64
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| Buffer level: | 80% of initial level
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| Pricing date: | Feb. 9
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| Settlement date: | Feb. 14
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.375%
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| Cusip: | 40057YBP7
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