Chicago, March 16 – GS Finance Corp. priced $6.03 million of autocallable variable coupon equity-linked notes due March 17, 2028 linked to the stock performance of DoorDash, Inc., Enphase Energy, Inc. and Palantir Technologies Inc., 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 monthly coupon at an annual rate of 10.75% if each stock closes above its coupon barrier price, 70% of its initial price, on a related determination date. Otherwise, the monthly coupon will be paid at a rate of 0.25% per annum.
The notes will be automatically called at par if each stock closes at or above its initial level on any monthly valuation date after one year.
The payout at maturity will be par.
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 variable coupon equity-linked notes
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Underlying stocks: | DoorDash, Inc., Enphase Energy, Inc. and Palantir Technologies Inc.
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Amount: | $6,030,000
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Maturity: | March 17, 2028
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Coupon: | 10.75% annual rate if closing price of each stock is greater than or equal to coupon barrier on related observation date, otherwise, 0.25% annual rate; payable monthly
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Price: | Par
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Payout at maturity: | Par
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Call: | At par if closing level of least performing stock is greater than or equal to its initial level on any monthly valuation date after one year
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Initial levels: | $53.23 for DoorDash, $210.22 for Enphase, $7.35 for Palantir
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Coupon barriers: | 70% of initial levels
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Pricing date: | March 10
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Settlement date: | March 15
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 3.75%
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Cusip: | 40057PYY2
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