Chicago, Dec. 5 – GS Finance Corp. priced $748,000 of trigger autocallable contingent yield notes due March 31, 2027 linked to the SPDR S&P 500 ETF trust and Energy Select Sector SPDR fund, 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 quarterly coupon at an annual rate of 10.3% if each ETF closes at or above its coupon barrier level, 60% of its initial level, on the relevant observation date.
The notes will be called at par of $10 plus the coupon if each ETF closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par plus the final coupon if each ETF finishes at or above the 60% downside threshold. If any ETF falls beyond the threshold, investors will lose 1% for each 1% decline of the worst performer from its initial level.
Goldman Sachs & Co. LLC is the agent. UBS Financial Services Inc. is the selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying ETFs: | SPDR S&P 500 ETF trust, Energy Select Sector SPDR fund
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| Amount: | $748,000
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| Maturity: | March 31, 2027
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| Coupon: | 10.3%, payable quarterly if each ETF closes at or above coupon barrier level on observation date
|
| Price: | Par of $10
|
| Payout at maturity: | If each ETF finishes at or above downside threshold, par plus final coupon; otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level
|
| Call: | At par plus contingent coupon if each ETF closes at or above initial level on any quarterly observation date
|
| Initial levels: | $461.55 for S&P 500, $76.60 for energy
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| Coupon barriers: | 60% of initial levels
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| Downside thresholds: | 60% of initial levels
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| Pricing date: | March 29
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| Settlement date: | March 31
|
| Agents: | Goldman Sachs & Co. LLC and UBS Financial Services Inc.
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| Fees: | None
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| Cusip: | 36264H479
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