Chicago, Dec. 4 – GS Finance Corp. priced $739,000 of 0% autocallable index-linked notes due April 9, 2031 tied to the BlackRock Dynamic Factor 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% annual call premium if the index closes at or above its call level on any annual call observation date. Call level begins at 102% of initial level and steps up by 2% 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.
Otherwise, investors will receive par.
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 index: | BlackRock Dynamic Factor index
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Amount: | $739,000
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Maturity: | April 9, 2031
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above its initial level, par plus the index return; otherwise, par
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Call: | At par plus a 5% call premium if index closes at or above call level on an annual observation date; call level begins at 102% of initial level and steps up by 2% per year
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Initial level: | 1,038.97
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Pricing date: | March 26
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Settlement date: | March 31
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.95%
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Cusip: | 40057FNX8
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