By Angela McDaniels
Tacoma, Wash., Dec. 6 – GS Finance Corp. priced $100,000 of 0% autocallable notes due Dec. 4, 2024 linked to the Motif Capital National Defense 7 ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 5% per year if the index closes at or above its call level on any of four annual call observation dates. The call level is 102.5% of the initial index level on the first call date, 105% of the initial index level on the second call date, 107.5% of the initial index level on the third call date and 110% of the initial index level on the fourth call date.
If the index return is positive, the payout at maturity will be par plus 200% of the index return. If the index return is zero or negative, the payout will be par.
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 notes
|
| Underlying index: | Motif Capital National Defense 7 ER index
|
| Amount: | $100,000
|
| Maturity: | Dec. 4, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par index return; if index return is zero or negative, par
|
| Call: | Automatically at par plus 5% per year if index closes at or above call level on any of four annual call observation dates; call level is 102.5% of initial index level on first call date, 105% of initial index level on second call date, 107.5% of initial index level on third call date and 110% of initial index level on fourth call date
|
| Initial level: | 141.23
|
| Pricing date: | Nov. 26
|
| Settlement date: | Dec. 2
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.1%
|
| Cusip: | 40056XNE2
|
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