By Wendy Van Sickle
Columbus, Ohio, May 9 – GS Finance Corp. priced $2.24 million of autocallable contingent coupon notes due May 11, 2026 linked to the worst performing of the S&P 500 index and the Nasdaq-100 Technology Sector index, 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 quarterly coupon of 8.75% per annum if each index closes at or above its 60% coupon barrier level on the determination date for that period.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date after one year.
The payout at maturity will be par if both indexes close above their 60% barrier levels. Otherwise, investors will lose 1% for each 1% decline of the least-performing index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
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| Underlying indexes: | S&P 500 index and Nasdaq-100 Technology Sector index
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| Amount: | $2,236,000
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| Maturity: | May 11, 2026
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| Contingent coupon: | 8.75% annualized, payable quarterly if each index closes at or above coupon barrier level on the determination date for that period
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| Price: | Par
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| Payout at maturity: | Par if both indexes close above their barrier levels; otherwise, full exposure to losses of worst performer
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| Call: | Automatically at par plus contingent coupon if each index closes at or above initial level on any quarterly determination date after one year
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| Initial levels: | 4,119.58 for S&P Value, 6,641.605 for Nasdaq
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| Coupon barriers: | 60% of initial levels
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| Trigger levels: | 60% of initial levels
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| Pricing date: | May 2
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| Settlement date: | May 5
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 40057RHK7
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