By Wendy Van Sickle
Columbus, Ohio, March 26 – GS Finance Corp. priced $1 million of autocallable contingent coupon notes due March 20, 2025 linked to the Nasdaq-100 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent quarterly coupon of 25% per annum if each index closes at or above its 70% coupon trigger level on the observation date for that quarter.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par plus the coupon, if any, unless any index finishes below 50% of its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
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| Underlying indexes: | Nasdaq-100, Dow Jones industrial average, Russell 2000
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| Amount: | $1 million
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| Maturity: | March 20, 2025
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| Contingent coupon: | 25% annualized, payable quarterly if each index closes at or above 70% coupon trigger level on the observation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus any coupon unless any index finishes below 50% of its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level
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| Call: | Automatically at par plus contingent coupon if each index closes at or above initial level on any quarterly observation date
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| Initial index levels: | 7,020.377 for Nasdaq, 20,188.52 for Dow and 1,037.416 for Russell
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| Agent: | Goldman Sachs & Co. LLC
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| Pricing date: | March 16
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| Settlement date: | March 19
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| Fees: | 1.85%
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| Cusip: | 40056YV84
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