Chicago, March 11 – GS Finance Corp. priced $9 million of autocallable contingent coupon underlier-linked notes due Sept. 4, 2025 linked to the Russell 2000 index, the S&P 500 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at the rate of 9.75% per year if each underlying asset closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that period.
The notes will be automatically called at par if each underlying asset closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par unless the least performing asset finishes below its final barrier level, 65% of its initial level, in which case investors will be exposed to the decline of the least performing asset from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon underlier-linked notes
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| Underlying assets: | Russell 2000 index, S&P 500 index and iShares MSCI EAFE ETF
|
| Amount: | $9,000,000
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| Maturity: | Sept. 4, 2025
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| Coupon: | 9.75% per year, payable quarterly if each underlying asset closes at or above coupon barrier level on observation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless least performing asset finishes below final barrier level, in which case exposure to decline of least performing asset from initial level
|
| Call: | Automatically at par if each underlying asset closes at or above initial level on any quarterly observation date
|
| Initial levels: | 2,054.843 for Russell, 5,096.27 for S&P and $77.25 for ETF
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| Coupon barrier levels: | 70% of initial levels
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| Final barrier levels: | 65% of initial levels
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| Pricing date: | March 1
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| Settlement date: | March 5
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0%
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| Cusip: | 40057YM75
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