By Wendy Van Sickle
Columbus, Ohio, Dec. 31 – GS Finance Corp. priced $5.85 million of 0% trigger autocallable notes due Dec. 28, 2023 linked to the iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will called at par plus an annual rate of 7.5% if the ETF closes at or above its initial price on any quarterly observation date after six months.
The payout at maturity will be par plus 22.5% if the ETF finishes at or above its initial level.
The payout will be par if the ETF falls by up to 40%. Investors will be exposed to the full loss if the ETF falls by more than 40%.
Goldman Sachs & Co. is the agent with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger autocallable notes
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| Underlying ETF: | iShares Russell 2000 ETF
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| Amount: | $5.85 million
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| Maturity: | Dec. 28, 2023
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| Coupon: | 0%
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| Price: | Par of $10
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| Call: | At par plus 7.5% annualized if ETF closes above initial level on any quarterly observation date after six months
|
| Payout at maturity: | Par plus 22.5% if ETF finishes above initial level, par if ETF falls by up to 40%; otherwise, 1% loss for each 1% decline of from initial level
|
| Initial level: | $195.34
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| Trigger level: | $117.20; 60% of initial level
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| Pricing date: | Dec. 21
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| Settlement date: | Dec. 24
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| Agents: | UBS Financial Services Inc. and Goldman Sachs & Co.
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| Fees: | 1.25%
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| Cusip: | 36259U179
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