By Sarah Lizee
Olympia, Wash., Sept. 23 – GS Finance Corp. priced $1.37 million of 0% autocallable index-linked notes due Sept. 25, 2024 tied to the Nasdaq-100 index, the MSCI EAFE index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an 6.35% annualized premium if each index closes at or above its call level on any annual call observation date. The call level will be 90% of each index’s initial level.
If the notes are not called and each index closes at or above 90% of its initial level, the payout at maturity will be par plus 31.75%.
If any index falls by up to 40%, the payout will be par.
If any index falls by more than 40%, investors will be exposed to any losses of the least-performing index.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Nasdaq-100, MSCI EAFE index, Russell 2000
|
| Amount: | $1,371,000
|
| Maturity: | Sept. 25, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and each index closes at or above 90% of its initial level, par plus 31.75%; if any index falls by up to 40%, par; if any index falls by more than 40%, exposure to any losses of the least-performing index
|
| Call: | At par plus 6.35% annualized if each index closes at or above its call level on any annual call observation date; call level will be 90% of each index’s initial level
|
| Initial index levels: | 1,568.344 for Russell, 1,905.01 for EAFE and 7,888.556 for Nasdaq
|
| Pricing date: | Sept. 18
|
| Settlement date: | Sept. 23
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 4.475%
|
| Cusip: | 40056XBP0
|
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