Chicago, Aug. 24 – GS Finance Corp. priced $19.85 million of contingent income autocallable securities due Aug. 21, 2026 linked to the class A common stock of Rivian Automotive, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a quarterly coupon of 28% if the stock closes above the 50% downside threshold level on the related determination date.
The securities will be called automatically starting Nov. 20 if the price of the underlying stock is greater than or equal to its initial price on any quarterly call observation date.
At maturity the payout will be par unless the stock closes below its downside 50% 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 the 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: | Rivian Automotive, Inc.
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Amount: | $19,847,000
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Maturity: | Aug. 21, 2026
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Coupon: | 28% annual rate, payable quarterly if stock closes above downside threshold level on related determination 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: | Automatically starting Nov. 20 if the price of the underlying stock is greater than or equal to its initial price on any quarterly call observation date
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Initial level: | $20.78
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Downside threshold: | $10.39, 50% of initial level
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Pricing date: | Aug. 18
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Settlement date: | Aug. 23
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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: | 40057TUS1
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