By Taylor Fox
New York, March 26 – GS Finance Corp. priced $1.8 million of autocallable contingent coupon notes due March 19, 2026 linked to the ARK Innovation ETF, 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 10.5% per annum if the ETF closes at or above its 60% coupon trigger level on the determination date for that period.
The notes will be called at par plus the contingent coupon if the ETF closes at or above its initial level on any monthly call observation date after one year.
The payout at maturity will be par unless the ETF finishes below 60% of its initial share price, in which case investors will be exposed to the ETF’s decline from its initial share price.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying ETF: | ARK Innovation ETF
|
| Amount: | $1,802,000
|
| Maturity: | March 19, 2026
|
| Contingent coupon: | 10.5% annualized, payable monthly if the ETF closes at or above coupon trigger level on the determination date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless ETF finishes below 60% of initial share price, in which case exposure to losses from initial share price
|
| Call: | Automatically at par plus contingent coupon if the ETF closes at or above initial level on any monthly call observation date after one year
|
| Initial levels: | $126.68
|
| Coupon trigger: | 60% of initial share price
|
| Barrier price: | 60% of initial share price
|
| Settlement date: | March 17
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.6%
|
| Cusip: | 40057FQV9
|
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