By William Gullotti
Buffalo, N.Y., Jan. 12 – GS Finance Corp. priced $4 million of trigger autocallable contingent yield notes due Jan. 8, 2026 linked to the common stock of Apple Inc., 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 monthly coupon at an annual rate of 8.05% if the stock closes at or above its coupon barrier, 70% of its initial level, on the corresponding observation date.
The notes will be called at par plus the coupon if the stock closes at or above its initial level on any monthly observation date after three months.
The payout at maturity will be par plus the coupon unless the stock finishes below the 70% downside threshold, in which case investors will lose 1% for each 1% decline of the stock from its initial level.
Goldman Sachs & Co. is the agent with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying stock: | Apple Inc.
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| Amount: | $4 million
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| Maturity: | Jan. 8, 2026
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| Coupon: | 8.05%, payable monthly if the stock closes at or above coupon barrier on related observation date
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| Price: | Par of $10
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| Payout at maturity: | Par plus coupon if stock finishes at or above downside threshold; otherwise, 1% loss for each 1% decline of stock from initial level
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| Call: | At par plus coupon if the stock closes at or above initial level on any monthly observation date after three months
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| Initial level: | $184.25
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| Coupon barrier: | 70% of initial level
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| Downside threshold: | 70% of initial level
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| Strike date: | Jan. 3
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| Pricing date: | Jan. 4
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| Settlement date: | Jan. 9
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| Agents: | UBS Financial Services Inc. and Goldman Sachs & Co.
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| Fees: | 1.5%
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| Cusip: | 36267H104
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