By Wendy Van Sickle
Columbus, Ohio, April 4 – GS Finance Corp. priced $1.18 million of autocallable equity-linked securities due March 27, 2026 tied to the stock performance of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically redeemed at par plus a 20.45% annualized call premium if the stock closes at or above its initial price on any quarterly observation date after one year.
If the notes are not called and the final price of the stock is at or above the 80% downside threshold, the payout at maturity will be par plus 61.35%. Otherwise, investors will be fully exposed to the stock’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 equity-linked securities
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| Underlying stocks: | Amazon.com, Inc.
|
| Amount: | $1,175,000
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| Maturity: | March 27, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 61.35% if the stock’s final price is greater than or equal to 80% of its initial price; otherwise, lose 1% for every 1% decline from initial share price
|
| Call: | Automatically at par plus a 20.45% annualized call premium if the stock closes at or above its initial price on any quarterly observation date after one year
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| Initial price: | $98.13
|
| Downside threshold: | 80% of initial level
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| Pricing date: | March 24
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| Settlement date: | March 29
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.1%
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| Cusip: | 40057R7M4
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