By Taylor Fox
New York, Nov. 6 – GS Finance Corp. priced $1 million of autocallable contingent coupon notes due Nov. 6, 2026 linked to the common stock of PayPal Holdings, Inc., the American depositary shares of Alibaba Group Holding Ltd. and the class A common stock of Visa 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 contingent monthly coupon of 15.7% per year if each stock closes at or above its 65% coupon trigger level on the determination date for that quarter.
The notes will be called at par plus the contingent coupon if each stock closes at or above its initial level on any monthly call observation date starting after six months.
The payout at maturity will be par unless any stock closes below 54.75% of its initial level, in which case investors will be fully exposed to the decline of the least performing stock from its initial level.
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 contingent coupon notes
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| Underlying stocks: | PayPal Holdings, Inc., Alibaba Group Holding Ltd. and Visa Inc.
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| Amount: | $1 million
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| Maturity: | Nov. 6, 2026
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| Contingent coupon: | 15.7% annualized, payable monthly if each stock closes at or above coupon trigger level on the determination date for that period
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| Price: | Par
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| Payout at maturity: | Par unless any stock closes below trigger level, in which case investors will be fully exposed to the decline of the least performing stock from its initial level
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| Call: | Automatically at par plus contingent coupon if each stock closes at or above initial level on any monthly call observation date starting after six months
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| Initial index levels: | $285.57 for Alibaba, $179.81 for PayPal and $188.34 for Visa
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| Coupon trigger levels: | 65% of initial levels
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| Trigger levels: | 54.75% of initial levels
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| Pricing date: | Nov. 4
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| Settlement date: | Nov. 9
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.85%
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| Cusip: | 40057EML8
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