By Wendy Van Sickle
Columbus, Ohio, April 28 – GS Finance Corp. priced $11.83 million of contingent income autocallable securities due April 25, 2024 linked to the common stock of Uber Technologies, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a contingent coupon of 12.8%, paid quarterly, if the stock closes at or above its 50% downside threshold on the relevant observation date.
The securities will be called at par if the stock closes at or above its initial level on any determination date.
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. Morgan Stanley Wealth Management is the 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: | Uber Technologies, Inc.
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| Amount: | $11,831,000
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| Maturity: | April 25, 2024
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| Coupon: | 12.8%, paid quarterly if the stock closes at or above its 50% downside threshold on the relevant observation date
|
| 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 determination date
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| Initial level: | $30.83
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| Downside threshold: | $15.415, 50% of initial level
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| Pricing date: | April 21
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| Settlement date: | April 26
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| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 1.75%
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| Cusip: | 40057RHP6
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