Chicago, Dec. 7 – GS Finance Corp. priced $698,000 of autocallable contingent coupon notes due April 6, 2026 linked to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each month, the notes pay a contingent coupon at a rate of 4.6% per year if each index closes at or above 80% of its initial level on the observation date for that period.
The notes will be automatically called at par on any monthly coupon date after one year if both indexes close above their initial level on the related determination date.
If the notes are not redeemed, the payout at maturity will be par unless any index finishes below 85% of its initial level, in which case investors will be exposed to the loss of the least performing index beyond the 15% buffer.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying indexes: | Russell 2000 and Nasdaq-100
|
| Amount: | $698,000
|
| Maturity: | April 6, 2026
|
| Coupon: | 4.6% per year; payable each month that each index closes at or above coupon trigger level on observation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless any index finishes below buffer level, in which case exposure to loss of least performing index beyond buffer
|
| Call: | Automatically at par if both indexes close above initial levels on any monthly call determination date after one year
|
| Initial index levels: | 2,158.682 for Russell and 12,965.74 for Nasdaq
|
| Coupon trigger levels: | 80% of initial levels
|
| Buffer levels: | 85% of initial levels
|
| Pricing date: | March 29
|
| Settlement date: | March 31
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 40057FUG7
|
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