By Sarah Lizee
Olympia, Wash., July 21 – GS Finance Corp. priced $1.22 million of autocallable contingent coupon notes due July 24, 2023 linked to the common stock of CrowdStrike Holdings, Inc. and Marvell Technology Group Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes pay a contingent coupon at an annual rate of 17.3% if each stock closes at or above its trigger level, 60% of its initial share price, on the observation date for that quarter.
The notes will be automatically called at par if each stock closes at or above its initial share price on any quarterly observation date after one year.
The payout at maturity will be par unless any stock finishes below its trigger level, in which case investors will be exposed to the decline of the least-performing stock.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
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| Underlying stocks: | CrowdStrike Holdings, Inc. and Marvell Technology Group Ltd.
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| Amount: | $1,217,000
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| Maturity: | July 24, 2023
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| Coupon: | 17.3%, payable quarterly if each stock closes at or above trigger level on observation date for that quarter
|
| Price: | Par
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| Payout at maturity: | Par unless any stock finishes below trigger level, in which case exposure to decline of least-performing stock
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| Call: | Automatically at par if each stock closes at or above initial share price on any quarterly observation date after one year
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| Initial share prices: | $101.43 for CrowdStrike and $36.52 for Marvell
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| Trigger levels: | 60% of initial share prices
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| Pricing date: | July 17
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| Settlement date: | July 24
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 2.25%
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| Cusip: | 40057CGE5
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