By Kiku Steinfeld
Chicago, Jan. 20 – GS Finance Corp. priced $7.03 million of 0% autocallable buffered index-linked notes due Jan. 18, 2023 linked to the Euro Stoxx 50 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 10.3% if the index closes at or above the initial index level on any annual call date.
If the notes are not called investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% loss beyond 10%.
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: | Euro Stoxx 50
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| Amount: | $7,031,000
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| Maturity: | Jan. 18, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is at least equal to initial level, par plus 30.9%; if index falls by up to 10%, par; 1.1111% loss for each 1% decline beyond 10%
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| Call: | Par plus annualized call premium of 10.3% if the index closes at or above initial index level on any annual observation date
|
| Initial level: | 3,768.96
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| Buffer level: | 90% of initial level
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| Pricing date: | Jan. 15
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| Settlement date: | Jan. 23
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 2.575%
|
| Cusip: | 40056YB29
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