New York, Oct. 16 – GS Finance Corp. priced $3.8 million of contingent income autocallable securities due Oct. 15, 2026 linked to the common stock of ConocoPhillips, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.3%, payable quarterly if the shares close at or above their downside threshold, 60% of their initial level, on the observation date.
The securities will be called automatically starting Jan. 10, 2024 if the price of the underlying stock is greater than or equal to its initial price.
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.
| 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: | ConocoPhillips
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| Amount: | $3.8 million
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| Maturity: | Oct. 15, 2026
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| Coupon: | 12.3%, payable quarterly if shares close 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: | Automatically starting Jan. 10, 2024 if the price of the underlying stock is greater than or equal to its initial price
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| Initial level: | $120.39
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| Downside threshold: | $72.234, 60% of initial level
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| Pricing date: | Oct. 10
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| Settlement date: | Oct. 13
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.25%
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| Cusip: | 40057WPD3
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