Chicago, March 24 – GS Finance Corp. priced $1.55 million of callable contingent coupon underlier-linked notes due March 12, 2026 linked to the Russell 2000 index, the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each quarter, the notes pay a contingent coupon at an annualized rate of 14.16% if each underlier closes at or above 70% of its initial level on the observation date for that period.
The notes are callable at par plus any coupon on any coupon payment date.
If the notes are not redeemed early, the payout at maturity will be par plus the coupon unless any underlier finishes below 60% of its initial level, in which case investors will be fully exposed to the loss of the least performing underlier.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon underlier-linked notes
|
| Underlying underliers: | Russell 2000 index, Euro Stoxx 50 index and iShares MSCI EM ETF
|
| Amount: | $1,550,000
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| Maturity: | March 12, 2026
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| Coupon: | 14.16% annualized, payable each quarter that each underlier closes at or above trigger level on the observation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par plus coupon unless any underlier finishes below trigger level, in which case full exposure to loss of least performing underlier
|
| Call option: | At par plus any coupon on any coupon payment date
|
| Initial index levels: | 1,313.440 for Russell, 2,959.07 for Stoxx, and $37.39 for ETF
|
| Coupon trigger levels: | 70% of initial levels
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| Trigger buffer levels: | 60% of initial levels
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| Pricing date: | March 10
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| Settlement date: | March 13
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.5%
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| Cusip: | 40056YTK0
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