Chicago, Aug. 25 – GS Finance Corp. priced $1.69 million of market-linked securities that are autocallable with contingent coupon and contingent downside due Aug. 21, 2026 linked to the common stock of Netflix, Inc., according to a 424B2 filing with the Notes and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent quarterly coupon at an annualized rate of 12.2% if the stock closes at or above the coupon barrier price, 60% of the initial price, on the valuation date for that period.
The notes will be automatically called at par plus the contingent coupon if the stock close at or above the initial share price on any quarterly valuation date after six months.
If the notes are not called and the final share price is greater than or equal to the 60% trigger buffer price, the payout at maturity will be par plus the final coupon.
Otherwise, investors will be fully exposed to the decline of the stock price.
Goldman Sachs & Co. LLC and Wells Fargo Securities 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 contingent coupon and contingent downside
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| Underlying stock: | Netflix, Inc.
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| Amount: | $1,685,000
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| Maturity: | Aug. 21, 2026
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| Coupon: | 12.2% annual rate, payable quarterly if stock closes at or above coupon barrier price on valuation date for that period
|
| Price: | Par
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| Payout at maturity: | If notes are not called and final share price is greater than or equal to trigger buffer price, par plus final coupon; otherwise, full exposure to decline in the stock
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| Call: | Automatically at par plus contingent coupon if stock closes at or above initial level on any quarterly valuation date after six months
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| Initial share price: | $404.53
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| Coupon barrier price: | 60% of initial level
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| Trigger buffer price: | 60% of initial level
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| Pricing date: | Aug. 18
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| Settlement date: | Aug. 23
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| Agents: | Goldman Sachs & Co. LLC and Wells Fargo Securities
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| Fees: | 2.425%
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| Cusip: | 40057TS21
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