By Kiku Steinfeld
Chicago, Oct. 14 – GS Finance Corp. priced $6.77 million of 0% autocallable buffered index-linked notes due July 28, 2026 linked 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 automatically called at par plus 6.5% per year if the index closes at or above its initial level on any quarterly observation date after one year.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 32.5%. Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% loss beyond 20%.
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 buffered index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $6.77 million
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| Maturity: | July 28, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its initial level, par plus 32.5%; par if the index falls by up to 20%; 1.25% loss for each 1% loss beyond 20%
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| Call: | Automatically at par plus 6.5% per year if the index closes at or above the initial index level on any quarterly observation date after one year
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| Initial level: | 4,411.79
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| Buffer level: | 80% of initial level
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| Pricing date: | July 23
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| Settlement date: | July 28
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0%
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| Cusip: | 40057HYE4
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