By Marisa Wong
Morgantown, W.Va., Sept. 20 – GS Finance Corp. priced $20 million of 0% autocallable notes due Sept. 5, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus 9.1% a year if the index closes at or above its initial level on any annual review date.
The payout at maturity will be par plus 91% if the index finishes at or above its initial level.
Investors will be fully exposed to any decline in the final index level from its initial level.
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 index-linked notes
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| Underlying index | S&P 500 index
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| Amount: | $20 million
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| Maturity: | Sept. 5, 2028
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index finishes at or above its initial level the payout will be par plus 91%; full exposure to any index decline
|
| Call: | At par plus 9.1% a year if index closes at or above initial level on any annual review date
|
| Initial level: | 2,914.04
|
| Pricing date: | Aug. 30
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| Settlement date: | Sept. 5
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.45%
|
| Cusip: | 40055QW81
|
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