By Wendy Van Sickle
Columbus, Ohio, Sept. 24 – GS Finance Corp. priced $750,000 of autocallable contingent coupon stock-linked notes due Sept. 12, 2023 linked to the common stocks of Advanced Micro Devices, Inc., Micron Technology, Inc. and Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each month, the notes pay a contingent coupon at an annualized rate of 16.29% if each stock closes at or above its trigger level, 50% of its initial level, on the observation date for that period.
The notes will be automatically called at par if each stock closes at or above 85% of its initial level on any monthly call date after six months.
The payout at maturity will be par unless any stock closes below its 50% trigger level, in which case investors will lose 1% for every 1% decline of the least-performing stock from its initial level.
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 stock-linked notes
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| Underlying stocks: | Advanced Micro Devices, Inc., Micron Technology, Inc. and Nvidia Corp.
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| Amount: | $750,000
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| Maturity: | Sept. 12, 2023
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| Coupon: | 16.29% per year, payable each month that each stock closes at or above its trigger level on observation date for that period
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| Price: | Par
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| Payout at maturity: | Par unless any stock closes below trigger level, in which case 1% loss for every 1% that least-performing stock declines from initial level
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| Call: | Automatically called at par if each stock closes at or above 85% of its initial level on any monthly call date after six months
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| Initial levels: | $78.93 for Advanced Micro, $49.05 for Micron and $519.64 for Nvidia
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| Trigger levels: | 50% of initial levels
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| Pricing date: | Sept. 16
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| Settlement date: | Sept. 21
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 1.05%
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| Cusip: | 40057CWL1
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