By Taylor Fox
New York, Nov. 6 – GS Finance Corp. priced $1 million of autocallable contingent coupon notes due Oct. 15, 2026 linked to the iShares MSCI Emerging Markets ETF, the iShares Russell 2000 ETF and the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent monthly coupon of 15% per annum if each asset closes at or above its 70% coupon trigger level on the determination date for that period.
The notes will be called at par plus the contingent coupon if each asset closes at or above its initial level on any monthly call observation date starting after three months.
The payout at maturity will be par unless any asset closes below 70% of its initial level, in which case investors will be fully exposed to the decline of the least performing asset from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying assets: | iShares MSCI Emerging Markets ETF, the iShares Russell 2000 ETF and the common stock of Apple Inc.
|
| Amount: | $1 million
|
| Maturity: | Oct. 15, 2026
|
| Contingent coupon: | 15% annualized, payable monthly if each index closes at or above coupon trigger level on the determination date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless any asset closes below 70% of its initial level, in which case investors will be fully exposed to the decline of the least performing asset from its initial level
|
| Call: | Automatically at par plus contingent coupon if each index closes at or above initial level on any monthly call observation date starting after three months
|
| Initial levels: | $45.83 for MSCI, $162.70 for Russell and $116.97 for Apple
|
| Coupon/trigger levels: | 70% of initial levels
|
| Pricing date: | Oct. 9
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| Settlement date: | Oct. 15
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.125%
|
| Cusip: | 40057EFB8
|
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