By Kiku Steinfeld
Chicago, Nov. 30 – GS Finance Corp. priced $411,000 of autocallable contingent coupon ETF-linked notes due April 1, 2027 tied to the ARK Innovation ETF, 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 at an annual rate of 10.5% if the ETF closes at or above the coupon trigger level, 50% of the initial level, on the valuation date for that period.
The notes will be called at par plus the coupon if the ETF closes at or above its initial level on any monthly call observation date after one year.
If the notes are not called and the ETF finishes at or above 50% of its initial value, the payout will be par.
If the ETF falls by more than 50%, investors will be fully exposed to the ETF’s decline from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon ETF-linked notes
|
| Underlying ETF: | ARK Innovation ETF
|
| Amount: | $411,000
|
| Maturity: | April 1, 2027
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| Coupon: | 10.5% annualized rate, payable monthly if ETF closes at or above coupon trigger level on valuation date for that period
|
| Price: | Par
|
| Payout at maturity: | If ETF finishes at or above trigger buffer level, par; if ETF finishes below trigger buffer level, full exposure to losses
|
| Call: | At par plus coupon if ETF closes at or above initial level on any monthly call observation date after one year
|
| Initial ETF level: | $64.51
|
| Coupon trigger level: | 50% of initial level
|
| Trigger buffer level: | 50% of initial level
|
| Pricing date: | March 25
|
| Settlement date: | March 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.31%
|
| Cusip: | 40057LKD2
|
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