New York, July 18 – GS Finance Corp. priced $4 million of contingent income autocallable securities due July 7, 2025 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a contingent quarterly coupon at 10.65% per year if the stock closes at or above its 65% downside threshold level on the relevant observation date.
The securities will be called automatically at par if the stock closes at or above its initial level on any quarterly determination date starting Oct. 3.
At maturity, the payout will be par unless the stock finishes below its downside threshold level, in which case investors will be fully exposed to the decline of the stock.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Contingent income autocallable securities
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| Underlying stock: | Apple Inc.
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| Amount: | $4,000,150
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| Maturity: | July 7, 2025
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| Coupon: | 10.65% per annum, payable quarterly if the stock closes at or above downside threshold on the relevant observation date
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| Price: | Par of $10
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| Payout at maturity: | Par unless the stock finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the stock
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| Call: | Automatically at par if the stock closes at or above its initial level on any quarterly determination date starting Oct. 3
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| Initial level: | $138.93
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| Downside threshold: | $90.3045; 65% of initial level
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| Pricing date: | July 1
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| Settlement date: | July 7
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| Agent: | Goldman Sachs & Co. LLC with Morgan Stanley Wealth Management as dealer
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| Fees: | 2.5%
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| Cusip: | 36263Q827
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