By Kiku Steinfeld
Chicago, Dec. 21 – GS Finance Corp. priced $1.54 million of 0% autocallable equity-linked notes due Dec. 13, 2024 linked to the least performing of the stocks of Apple Inc., Walt Disney Co., Advanced Micro Devices, Inc. and Square, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus 35% a year if each stock closes above its call level on any biannual call observation date; the call level is 90% of the initial level.
If all three stocks finish at or above 90% of their initial value, the payout at maturity will be par plus 140%.
If the worst performing stock finishes below 90% of its initial value but not lower than 50% of its initial value, the payout at maturity will be par.
If any stock falls, investors will be exposed to the decline of the least performing stock.
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 equity-linked notes
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Underlying stocks: | Apple Inc., Walt Disney Co., Advanced Micro Devices, Inc. and Square, Inc.
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Amount: | $1,535,000
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Maturity: | Dec. 13, 2024
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Coupon: | 0%
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Price: | Par
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Call: | At par plus 35% a year if each stock closes above 90% call level on any biannual call observation date starting after one year
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Payout at maturity: | If worst performer finishes above 90% of initial value, par plus 140%; if worst performer finishes below 90% but above 50% of initial value, par; otherwise, exposure to losses of worst performer
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Initial prices: | $123.24 for Apple, $91.66 for Advanced Micro Devices, $154.69 for Disney, $217.25 for Square
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Pricing date: | Dec. 10
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Settlement date: | Dec. 15
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.75%
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Cusip: | 40057ETN7
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