By Wendy Van Sickle
Columbus, Ohio, Oct. 9 – GS Finance Corp. priced $1.1 million of autocallable contingent coupon ETF-linked notes due Oct. 10, 2025 linked to the worst performing of the iShares Silver Trust and the VanEck Vectors Gold Miners 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 quarterly coupon of 8.4% per annum if each fund closes at or above its 50% coupon trigger level on the observation date for that period.
The notes will be called at par if each fund closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par unless any fund closes below 50% of its initial level, in which case investors will be fully exposed to the decline of the least performing fund.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon ETF-linked notes
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| Underlying ETFs: | iShares Silver Trust and VanEck Vectors Gold Miners ETF
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| Amount: | $1.1 million
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| Maturity: | Oct. 10, 2025
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| Contingent coupon: | 8.4% annualized, payable quarterly if each fund closes at or above 50% coupon trigger level on the observation date for that period
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| Price: | Par
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| Payout at maturity: | Par unless any fund closes below 50% of its initial level, in which case investors will be fully exposed to the decline of the least performing fund
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| Call: | Automatically at par if each fund closes at or above initial level on any quarterly observation date after six months
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| Initial fund levels: | $19.44 for iShares and $26.207 for VanEck Vectors
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| Coupon barrier/buffer levels: | 50% of initial levels
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| Pricing date: | Oct. 3
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| Settlement date: | Oct. 6
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 40057WHD2
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