Chicago, Nov. 14 – GS Finance Corp. priced $2.57 million of autocallable contingent coupon notes due May 5, 2027 linked to the Euro Stoxx 50 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 pay a contingent monthly coupon if each index closes at or above its 80% coupon trigger level on the determination date for that period. The coupon will be at an annualized rate of 7%.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any monthly observation date beginning in October 2020 to and including March 2027.
The payout at maturity will be par unless either index finishes below 80% of its initial level, in which case investors will be exposed to the decline of the least performing index beyond the 20% buffer.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable contingent coupon notes
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Underlying indexes: | Euro Stoxx 50, Russell 2000
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Amount: | $2,571,000
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Maturity: | May 5, 2027
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Contingent coupon: | Payable monthly if each index closes at or above 80% coupon trigger level on the determination date for that period; annual coupon rate is7%
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Price: | Par
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Payout at maturity: | Par unless either index finishes below 80% of its initial level, in which case investors will be exposed to the decline of the least performing index beyond the 20% buffer
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Call: | Automatically at par plus contingent coupon if each index closes at or above initial level on any monthly observation date beginning in October 2020 to and including March 2027
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Initial index levels: | 3,625.69 for Stoxx and 1,571.933 for Russell
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Coupon trigger levels: | 80% of initial levels
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Buffer level: | 80% of initial levels
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Pricing date: | Oct. 28
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Settlement date: | Oct. 31
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 4.15%
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Cusip: | 40056XJV9
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