New York, Jan. 8 – GS Finance Corp. priced $6.16 million of contingent income autocallable securities due Jan. 4, 2027 linked to the class A subordinate voting shares of Shopify Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13.75%, paid quarterly, if the underlying stock closes at or above its 50% downside threshold on the related quarterly observation date, plus any previously unpaid coupons
The securities will be called automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly observation 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: | Shopify Inc.
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Amount: | $6.16 million
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Maturity: | Jan. 4, 2027
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Coupon: | 13.75%, paid quarterly, if the underlying stock closes at or above its downside threshold on the related quarterly observation date, plus previously unpaid coupons
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Price: | Par
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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 closing price of the underlying stock is greater than or equal to its initial price on any quarterly observation date
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Initial level: | $79.11
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Downside threshold: | 50% of initial level
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Pricing date: | Dec. 28
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Settlement date: | Jan. 3
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Agent: | Goldman Sachs & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 2.25%
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Cusip: | 40057XMF9
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