By William Gullotti
Buffalo, N.Y., Feb. 25 – GS Finance Corp. priced $2.05 million of autocallable equity-linked securities due Feb. 25, 2026 tied to the stock performance of Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically redeemed at par plus a 12.4% annualized call premium if the stock closes at or above its initial price on any annual observation date.
If the notes are not called and the final price of the stock is at or above the 60% downside threshold, the payout at maturity will be par plus 49.6%. Otherwise, investors will be fully exposed to the stock’s decline from its initial share price.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable equity-linked securities
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| Underlying stocks: | Apple Inc., salesforce.com, inc. and Alphabet Inc.
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| Amount: | $2,047,000
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| Maturity: | Feb. 25, 2026
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | Par plus 49.6% if the stock’s final price is greater than or equal to 60% of its initial price; otherwise, lose 1% for every 1% decline from initial share price
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| Call: | Automatically at par plus a 12.4% annualized call premium if the stock closes at or above its initial price on any annual observation date
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| Initial price: | $391.29
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| Downside threshold: | 60% of initial level
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| Pricing date: | Feb. 18
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| Settlement date: | Feb. 28
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | None
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| Cusip: | 40057L7D7
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