By Wendy Van Sickle
Columbus, Ohio, Oct. 28 – GS Finance Corp. priced $10.15 million of contingent income autocallable securities due Oct. 26, 2023 linked to the common stock of Exxon Mobil Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a contingent coupon of 10% per year, paid quarterly if the stock closes at or above its 50% downside threshold on the relevant observation date.
The securities will be automatically called at par if the stock closes at or above its initial level on any quarterly valuation date.
At maturity, the payout will be par unless the stock finishes below its downside threshold level, in which case investors will be fully exposed to the decline of the stock.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is acting as dealer.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Contingent income autocallable securities
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| Underlying stock: | Exxon Mobil Corp.
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| Amount: | $10,152,750
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| Maturity: | Oct. 26, 2023
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| Coupon: | 10% per year, paid quarterly if the stock closes at or above the downside threshold on the relevant observation date
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| Price: | Par of $10
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| Payout at maturity: | Par unless the stock finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the stock
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| Call: | Automatically at par if the stock closes at or above its initial level on any quarterly valuation date
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| Initial level: | $105.86
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| Downside threshold: | $52.93,50% of initial level
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| Pricing date: | Oct. 21
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| Settlement date: | Oct. 26
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| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 1.75%
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| Cusip: | 36264U181
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