New York, Feb. 21 – GS Finance Corp. priced $2 million of contingent income autocallable securities due Feb. 19, 2026 linked to the class A common stock of Carvana Co., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of at an annualized rate of 39% if the stock closes above 40% of its initial level on any quarterly observation date.
The securities will be called automatically starting May 13 if the price of the underlying stock is greater than or equal to its initial price on any quarterly determination date.
At maturity the payout will be par unless the stock closes below its 40% 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 underwriter. 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: | Carvana Co.
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| Amount: | $2 million
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| Maturity: | Feb. 19, 2026
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| Coupon: | 39%, payable quarterly if stock closes at or above 40% of initial level on related 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 May 13 if the price of the underlying stock is greater than or equal to its initial price on any quarterly determination date
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| Initial level: | $55.28
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| Downside threshold: | $22.112, 40% of initial level
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| Pricing date: | Feb. 13
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| Settlement date: | Feb. 16
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| Underwriter: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2%
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| Cusip: | 40057YE58
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