By Wendy Van Sickle
Columbus, Ohio, Dec. 3 – GS Finance Corp. priced $1.3 million of 0% autocallable index-linked notes due Dec. 4, 2023 tied to the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an 12.75% annualized premium if both indexes close at or above their initial index levels on any quarterly call observation date.
If the notes are not called, the payout at maturity will be par plus 63.75% if each index closes at or above its initial level.
If either index falls, but not by more than 40%, the payout will be par.
If either index falls by more than 40%, investors will be exposed to any losses of the worse-performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
| 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 indexes: | Euro Stoxx 50, S&P 500
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| Amount: | $1,296,000
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| Maturity: | Dec. 4, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above initial level, par plus 63.75%; if either index falls by up to 40%, par; otherwise, full exposure to losses of worse performing index
|
| Call: | At par plus 12.75% annualized if both indexes close at or above their initial levels on any annual call observation date
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| Initial index levels: | 3,166.42 for Euro Stoxx 50 and 2,682.17 for S&P 500
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| Pricing date: | Nov. 27
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| Settlement date: | Nov. 30
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| Agent: | Goldman Sachs & Co.
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| Fees: | 4.725%
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| Cusip: | 40056EEA2
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