By Kiku Steinfeld
Chicago, Feb. 25 – GS Finance Corp. priced $2.25 million of autocallable contingent coupon equity-linked notes due Feb. 24, 2026 linked to Square, Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the stock closes at or above the barrier level, 50% of the initial price, on the determination date for that quarter, the notes will pay a contingent quarterly coupon at an annual rate of 11%.
The notes will be called at par plus the contingent coupon if the stock closes at or above the initial stock price on any determination date after one year.
The payout at maturity will be par plus the coupon unless the stock finishes below 50% of its initial price, in which case investors will lose 1% for each 1% decline.
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 equity-linked notes
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Underlying stock: | Square, Inc.
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Amount: | $2.25 million
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Maturity: | Feb. 24, 2026
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Coupon: | 11% per year, payable if stock closes at or above barrier level on the quarterly valuation date for that quarter
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Price: | Par
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Payout at maturity: | Par plus the coupon unless the stock finishes below 50% of its initial level, in which case investors will lose 1% for each 1% decline
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Call: | At par plus contingent coupon if stock closes at or above initial stock price on any quarterly determination date after one year
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Initial stock price: | $276.02
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Barrier level: | 50% of initial stock price
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Pricing date: | Feb. 16
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Settlement date: | Feb. 19
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.75%
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Cusip: | 40057FJ47
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