New York, June 29 – GS Finance Corp. priced $21.04 million of contingent income autocallable securities due June 26, 2026 linked to the common stock of Exxon Mobil Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10%, payable quarterly if the stock closes at or above its downside threshold, 60% of its initial level, on the related observation date.
The securities will be called starting Sept. 25 and on any subsequent determination date.
At maturity the payout will be par unless the stock closes below its downside threshold level in which case investors will be fully exposed to the decline of the stock.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is acting as dealer.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Contingent income autocallable securities
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| Underlying stock: | Exxon Mobil Corp.
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| Amount: | $21,035,000
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| Maturity: | June 26, 2026
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| Coupon: | 10%, payable quarterly if stock closes at or above downside threshold on observation date
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| Price: | Par
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| Payout at maturity: | Par unless the stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the stock
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| Call: | Starting Sept. 25 and on any subsequent determination date
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| Initial level: | $102.40
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| Downside threshold: | $61.44, 60% of initial level
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| Pricing date: | June 23
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| Settlement date: | June 28
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| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.25%
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| Cusip: | 40057TCT9
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