Chicago, March 18 – GS Finance Corp. priced $1.37 million of 0% autocallable underlier-linked notes due March 8, 2029 linked to the Nasdaq-100 index and the SPDR S&P 500 ETF Trust, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus a 9% annualized call premium if the lesser-performing underlier closes at or above its initial level on any quarterly call observation date starting after one year.
If the lesser-performing underlier finishes at or above its initial level, the payout at maturity will be par plus 1.25 times the return of the that underlier.
If the worse performer finishes between 90% of its initial level and its initial level, the payout will be par.
Otherwise, investors will be fully exposed to the losses 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 underlier-linked notes
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| Underlying assets: | Nasdaq-100 index, SPDR S&P 500 ETF Trust
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| Amount: | $1,373,000
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| Maturity: | March 8, 2029
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the lesser-performing asset finishes at or above initial level, par plus 1.25 times the return of that underlier; par if worse performer finishes between trigger buffer level and initial level; otherwise, investors will be fully exposed to the losses of the worst performer
|
| Call: | Automatically at par plus a 9% annualized call premium if lesser-performing underlier closes at or above initial level on any quarterly call observation date starting after one year
|
| Initial levels: | 18,226.48 for index, $512.30 for fund
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| Trigger buffer levels: | 90% of initial levels
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| Pricing date: | March 4
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| Settlement date: | March 7
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 4.1%
|
| Cusip: | 40057YGE7
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