By Sarah Lizee
Olympia, Wash., Oct. 11 – GS Finance Corp. priced $2.28 million of autocallable contingent coupon index-linked notes due Oct. 8, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent monthly coupon of 4.3% per annum if the index closes at or above its 80% coupon trigger level on every trading day during the related monthly determination period.
The notes will be automatically called at par on the final coupon determination date in October 2021 if the closing level of the index is greater than or equal to 80% of the initial level on every trading day during the measurement period from the trade date to and including the final coupon determination date.
If the notes are not called, the payout at maturity will be par, investors will receive par plus the return of the index plus 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $2,275,000
|
| Maturity: | Oct. 8, 2024
|
| Coupon: | 4.3% per annum if the index closes at or above coupon trigger level on every trading day during the related monthly determination period
|
| Price: | Par
|
| Payout at maturity: | Par plus the return of the index plus 20%
|
| Call: | Automatically called at par on the final coupon determination date in October 2021 if the closing level of the index is greater than or equal to 80% of the initial level on every trading day during the measurement period from the trade date to and including the final coupon determination date
|
| Initial level: | 2,910.63
|
| Pricing date: | Oct. 3
|
| Settlement date: | Oct. 8
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.35%
|
| Cusip: | 40056XJC1
|
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