By Sarah Lizee
Olympia, Wash., Feb. 12 – GS Finance Corp. priced $16.82 million of 0% autocallable notes due Feb. 13, 2024 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 8% a year if the index closes at or above its initial level on any quarterly review date after one year.
If the final index level is greater than or equal to negative 20%, the payout at maturity will be $1,400 per $1,000 note.
Otherwise, investors will lose 1.25% for each 1% decline beyond the buffer.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable index-linked securities
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Underlying index | S&P 500 index
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Amount: | $16.82 million
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Maturity: | Feb. 13, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final index level is greater than or equal to negative 20%, $1,400 per $1,000 note; otherwise, 1.25% loss for each 1% decline beyond the buffer
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Call: | At par plus 8% a year if index closes at or above initial level on any quarterly review date after one year
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Initial level: | 2,707.88
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Pricing date: | Feb. 8
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Settlement date: | Feb. 13
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Underwriter: | Goldman Sachs & Co.
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Fees: | 0.35%
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Cusip: | 40056EXF0
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