By Wendy Van Sickle
Columbus, Ohio, Nov. 16 – GS Finance Corp. priced $250,000 trigger callable contingent yield notes due Nov. 3, 2022 linked to the common stocks of the American depositary shares of Alibaba Group Holding Ltd., the class A common stock of Alphabet Inc. and the common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each quarter, the notes will pay a contingent coupon at the rate of 12% per year if each stock closes at or above its coupon barrier price, 50% of the initial price, on the determination date that quarter.
The notes will be callable at par plus any coupon on any coupon payment date prior to maturity.
If the notes are not called and each stock finishes at or above 50% of its initial price, the payout at maturity will be par plus the final coupon. Otherwise, investors will lose 1% for every 1% that the least-performing stock finishes below its initial price.
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: | Trigger callable contingent yield securities
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| Underlying stocks: | Alibaba Group Holding Ltd. (Symbol: BABA), Alphabet Inc. (Symbol: GOOGL), Nvidia Corp. (Symbol: NVDA)
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| Amount: | $250,000
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| Maturity: | Nov. 3, 2022
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| Coupon: | 12% per year, payable each quarter that each stock closes at or above its coupon barrier on determination date that quarter
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| Price: | Par of $10
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| Payout at maturity: | If each stock finishes at or above downside threshold, par; otherwise, 1% loss for every 1% that least-performing stock finishes below its initial price
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| Call option: | At par plus any coupon on any coupon payment date prior to maturity
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| Initial prices: | $304.69 for Alibaba, $1,621.01 for Alphabet Inc. and $501.36 for Nvidia
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| Coupon barriers: | 50% of initial prices
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| Downside thresholds: | 50% of initial prices
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| Pricing date: | Oct. 30
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| Settlement date: | Nov. 4
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.65%
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| Cusip: | 40057EMA2
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