By William Gullotti
Buffalo, N.Y., Nov. 3 – GS Finance Corp. priced $2.47 million of 0% autocallable index-linked notes due June 20, 2023 tied to the Goldman Sachs Momentum Builder Focus ER 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 a 5% annualized call premium if the index closes at or above its call level on any annual observation date. Call level starts at 101.5% of initial level and steps up 1.5% per year.
If the notes are not called, the payout at maturity will be par plus the index return if the index finishes at or above its initial level.
Investors will receive par if the index finishes flat or declines.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | Goldman Sachs Momentum Builder Focus ER index
|
| Amount: | $2,466,000
|
| Maturity: | June 20, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus the index return; otherwise, par
|
| Call: | At plus 5% annualized call premium if the index closes at or above its call level on any annual observation date; call level starts at 101.5% of initial level and steps up 1.5% per year.
|
| Initial level: | 104.50
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 29
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.75%
|
| Cusip: | 40057JPN0
|
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