By William Gullotti
Buffalo, N.Y., June 26 – GS Finance Corp. priced $1 million of 0% market-linked securities – autocallable with fixed percentage buffered downside due June 22, 2026 linked to the stock performance of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus an annualized call premium of 6.05% if the stock closes at or above the initial level on any annual call observation date.
If the securities are not called, payout at maturity will be par unless the stock falls by more than 20%, in which case investors will be exposed to losses beyond 20%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Market-linked securities – autocallable with fixed percentage buffered downside
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| Underlying stock: | Apple Inc.
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| Amount: | $1 million
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| Maturity: | June 22, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par unless stock falls by more than 20%, in which case lose 1% for every 1% decline beyond 20%
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| Call: | Automatically at par plus 6.05% annualized call premium if the stock closes at or above the initial level on any annual call observation date
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| Initial level: | $184.92
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| Buffer level: | 80% of initial level
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| Pricing date: | June 16
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| Settlement date: | June 22
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| Agents: | Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC
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| Fees: | 2.675%
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| Cusip: | 40057TBW3
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