By Cady Vishniac
Detroit, Dec. 31 – GS Finance Corp. priced $526,000 of 0% autocallable index-linked notes due Dec. 23, 2025 tied to the S&P 500 Value index and the Nasdaq-100 index, 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 8% per year on any annual call observation date if each index finishes above its initial level on the related observation date.
If the notes are not called and the indexes both finish above their initial levels, the payout at maturity will be $1,400 per $1,000 of notes.
If the notes are not called and either of the final index levels is equal to or less than its initial level but equal to or more than its trigger buffer level, 70% of its initial level, the payout will be par.
If either index declines more than 30%, investors will be fully exposed to the decline of the lesser-performing index.
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 index-linked notes
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| Underlying indexes: | S&P 500 Value index and Nasdaq-100 index
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| Amount: | $526,000
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| Maturity: | Dec. 23, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above its initial level, $1,400 per $1,000 of notes; if either final index level is equal to or less than the initial level but equal to or more than the 70% trigger buffer level, par; if either index declines beyond 30%, full exposure to losses of lesser-performing index
|
| Call: | At par plus 8% per year if both indexes finish at or above their initial levels on any annual call observation date
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| Initial levels: | 1,245.08 for S&P and 12,653.14 for Nasdaq
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| Trigger buffer levels: | 70% of initial levels
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| Pricing date: | Dec. 23
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| Settlement date: | Dec. 29
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.39%
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| Cusip: | 40057ESB4
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