By Wendy Van Sickle
Columbus, Ohio, Jan. 28 – GS Finance Corp. priced $258,000 of 0% autocallable notes due Feb. 9, 2023 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index closes at or above the applicable call level on any annual call observation date, the notes will be automatically called at par plus the call return of 10% per year. The call level is initially 105%, stepping up by 5% each year to a call level of 130% for the observation date in 2022.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return. If the index return is zero or negative, the payout will be par.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked autocallable notes
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| Underlying index: | GS Momentum Builder Multi-Asset 5 ER index
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| Amount: | $258,000
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| Maturity: | Feb. 9, 2023
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| Coupon: | 0%
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| Price: | Par
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| Call: | Automatically at par plus premium of 10% a year on any annual call date if notes close above call level of 105% the first year, stepping up 5% each year to 130% in 2022
|
| Payout at maturity: | If index return is zero or positive, par plus 1.5 times index return; if index return is zero or negative, par
|
| Initial index level: | 110
|
| Pricing date: | Jan. 26
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| Settlement date: | Jan. 29
|
| Agent: | Goldman, Sachs & Co.
|
| Fees: | 4.9%
|
| Cusip: | 40054CAH7
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