By William Gullotti
Buffalo, N.Y., Nov. 17 – GS Finance Corp. priced $1.89 million of 0% autocallable contingent coupon underlier-linked notes due Nov. 19, 2029 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a quarterly contingent coupon of 6% annually if each underlier closes at or above its coupon trigger level on the corresponding observation date.
The notes will automatically be called at par plus the coupon if each underlier closes at or above its initial level on any quarterly observation date after one year.
At maturity, if each underlier finishes at or above its coupon trigger, the payout will be par plus the final coupon.
If the worst performer finishes below its coupon trigger but at or above its 60% trigger buffer level, the payout will be par. Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon underlier-linked notes
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| Underlying assets: | Nasdaq-100 index, Russell 2000 index, ARK Innovation ETF
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| Amount: | $1,888,000
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| Maturity: | Nov. 19, 2029
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| Coupon: | Payable quarterly at an annual rate of 6% if each underlier closes at or above its coupon trigger level on the corresponding observation date
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| Price: | Par
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| Payout at maturity: | Par plus coupon if each underlier finishes at or above coupon trigger level; if worst performer finishes below coupon trigger but at or above trigger buffer, par; otherwise, full exposure to decline of worst performer from initial level
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| Call: | Automatically at par plus coupon if each underlier closes at or above initial level on any quarterly observation date after one year
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| Initial levels: | $120.57 for ETF, 16,219.94 for Nasdaq, 2,427.292 for Russell
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| Coupon trigger levels: | 70% of initial levels
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| Trigger buffer levels: | 60% of initial levels
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| Pricing date: | Nov. 9
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| Settlement date: | Nov. 15
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 4.25%
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| Cusip: | 40057K3E1
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