By Susanna Moon
Chicago, March 6 – GS Finance Corp. priced $8.18 million of autocallable contingent coupon notes due Feb. 22, 2023 linked to the least performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7.8% if each index closes at or above its 65% coupon barrier on each day during that quarter.
The notes will be called at par if each index closes at or above its initial level on any quarterly determination date after one year.
The payout at maturity will be par unless either index finishes below its 65% downside threshold, in which case investors will be fully exposed to any losses of the worse performing index.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying assets: | Russell 2000 and Euro Stoxx 50
|
| Amount: | $8,181,700
|
| Maturity: | Feb. 22, 2023
|
| Coupon: | 7.8% annualized, payable quarterly if each index closes at or above 65% coupon barrier on review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above 65% downside threshold, par; otherwise, 1% loss for each 1% decline of worse performing index
|
| Call: | At par if each index closes at or above its initial level on any quarterly determination date after one year
|
| Initial levels: | 1,543.551 for Russell and 3,426.80 for Stoxx
|
| Trigger levels: | 1,003.308 for Russell and 2,227.42 for Stoxx. 65% of initial levels
|
| Pricing date: | Feb. 16
|
| Settlement date: | Feb. 22
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.85%
|
| Cusip: | 36254F871
|
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