By Sarah Lizee
Olympia, Wash., Dec. 31 – GS Finance Corp. priced $705,000 of 0% autocallable buffered index-linked notes due Dec. 31, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus an annualized call premium of 5% if the index closes at or above the initial index level on any quarterly call date after one year.
If the notes are not called and the index return is at least equal to 92% of the initial level, the payout at maturity will be par plus 25%. Investors will receive par if the index falls by more than 8% up to 15% and will lose 1% for each 1% loss beyond 15%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor | Goldman Sachs Group, Inc.
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| Issue: | Autocallable buffered index-linked notes
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| Underlying index: | Russell 2000
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| Amount: | $705,000
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| Maturity: | Dec. 31, 2024
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If the notes are not called and the index return is at least equal to 92% of the initial level, par plus 25%; investors will receive par if the index falls by more than 8% up to 15% and will lose 1% for each 1% loss beyond 15%
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| Call: | Par plus annualized call premium of 5% if the index closes at or above initial index level on any quarterly observation date after one year
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| Initial level: | 3,707.68
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| Pricing date: | Dec. 23
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| Settlement date: | Dec. 27
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| Agent: | Goldman Sachs & Co.
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| Fees: | 4.3%
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| Cusip: | 40056XV78
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