By Kiku Steinfeld
Chicago, Nov. 4 – GS Finance Corp. priced $1.73 million of 0% autocallable index-linked notes due Oct. 29, 2021 tied to the S&P 500 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 3.75% premium if the index closes at or above 90% of its initial level on April 30, 2021.
If the notes are not called and the index finishes above its initial level, the payout at maturity will be par plus double the index return, capped at par plus 80%.
If the index declines by 20% or less, the payout will be par. Otherwise, investors will be exposed to the index’s decline from the initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $1.73 million
|
| Maturity: | Oct. 29, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and the index finishes above its initial level, par plus 2 times the index return, capped at par plus 80%; par if index declines by 20% or less; otherwise, full exposure to index’s decline
|
| Call: | At par plus 3.75% if index closes at or above 90% of its initial level on April 30, 2021
|
| Initial level: | 3,465.39
|
| Trigger buffer level: | 80% of initial level
|
| Pricing date: | Oct. 23
|
| Settlement date: | Oct. 28
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.35%
|
| Cusip: | 40057EGJ0
|
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