By Sarah Lizee
Olympia, Wash., Sept. 30 – GS Finance Corp. priced $327,000 of 0% autocallable index-linked notes due Oct. 2, 2024 tied to the Russell 2000 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 5% annualized premium if both indexes close at or above their initial index levels on an annual observation date.
At maturity, if the return of both indexes is greater than or equal to their buffer levels, 80% of their initial levels, the payout will be par plus 25%.
Otherwise, investors will be exposed to any losses of the lesser performing index beyond 20%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Russell 2000, S&P 500
|
| Amount: | $327,000
|
| Maturity: | Oct. 2, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the return of both indexes is greater than or equal to their buffer levels, par plus 25%; otherwise, exposure to any losses of the lesser performing index beyond 20%
|
| Call: | At par plus 5% annualized premium if both indexes close at or above their initial index levels on an annual observation date
|
| Initial levels: | 2,984.87 for S&P and 1,550.654 for Russell
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.35%
|
| Cusip: | 40056XBS4
|
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