By Wendy Van Sickle
Columbus, Ohio, Jan. 24 – GS Finance Corp. priced $7.69 million of 0% autocallable index-linked notes due Jan. 24, 2025 tied to the Euro Stoxx 50 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 an 11.65% annualized call premium if the index closes at or above its initial level oneither of two annual call dates.
The payout at maturity will be par plus 34.95% if the index finishes at or above its initial level.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
Goldman Sachs & Co. LLC is the underwriter with JPMorgan as placement 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: | Euro Stoxx 50 index
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Amount: | $7,685,000
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Maturity: | Jan. 24, 2025
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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 34.95%; full exposure to loss
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Call: | At par plus an 11.65% annualized call premium if index closes at or above initial level oneither of two annual call dates
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Initial level: | 4,268.28
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Pricing date: | Jan. 19
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Settlement date: | Jan. 26
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Underwriter: | Goldman Sachs & Co. LLC
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Placement agent: | JPMorgan
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Fees: | 2.55%
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Cusip: | 40057KTB9
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