By Devika Patel
Knoxville, Tenn., Jan. 21 – GS Finance Corp. priced $4.13 million of 0% trigger autocallable optimization securities due Jan. 22, 2021 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus a call return of 8% per year if the index closes at or above the initial level on any quarterly observation date after one year.
If index return is zero or positive, the payout at maturity will be par plus 40%.
If the index falls by up to 38%, the payout will be par.
Otherwise, investors be fully exposed to any losses.
Goldman Sachs & Co. is the underwriter.
The notes are guaranteed by Goldman Sachs Group, Inc.
| Issuer: | GS Finance Corp.
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| Issue: | Trigger autocallable optimization securities
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| Underlying index: | Dow Jones industrial average
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| Amount: | $4.13 million
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| Maturity: | Jan. 22, 2021
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 40% if return is zero or positive, par if the index falls by up to 38%; otherwise, full exposure to any losses
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| Call: | Automatically at par plus 8% per year if index closes at or above initial level on any quarterly observation date
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| Initial level: | 15,988.08
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| Trigger level: | 9,912.61, 62% of initial level
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| Pricing date: | Jan. 15
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| Settlement date: | Jan. 21
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| Underwriter: | Goldman, Sachs & Co.
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| Fees: | 2.85%
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| Cusip: | 36250E241
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