New York, April 11 – GS Finance Corp. priced $11.62 million of contingent income autocallable securities due April 8, 2027 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.75%, paid quarterly, if the underlying stock closes at or above its 80% downside threshold on the related quarterly observation date, plus any previously unpaid coupon.
The securities will be called automatically starting July 5 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 80% 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 a 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: | Amazon.com, Inc.
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| Amount: | $11,624,000
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| Maturity: | April 8, 2027
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| Coupon: | 11.75%, paid quarterly, if the underlying stock closes at or above its 80% downside threshold on the related quarterly observation date, plus any previously unpaid coupon
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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 July 5 if the price of the underlying stock is greater than or equal to its initial price
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| Initial level: | $185.07
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| Downside threshold: | $148.056, 80% of initial level
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| Pricing date: | April 5
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| Settlement date: | April 10
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| Underwriter: | Goldman Sachs & Co. LLC
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| Selected dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.25%
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| Cusip: | 40057YX99
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