By Wendy Van Sickle
Columbus, Ohio, Feb. 2 – GS Finance Corp. priced $1.23 million of autocallable contingent coupon underlier-linked notes due Feb. 1, 2029 linked to the iShares 20+ Year Treasury Bond ETF, the MSCI EAFE index and the Nasdaq-100 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 monthly coupon at an annual rate of 6.6% if each asset closes at or above its coupon barrier, 75% of its initial level, on the corresponding observation date.
The notes will be called at par plus the coupon if each asset closes at or above its initial level on any monthly observation date starting after one year.
The payout at maturity will be par plus the coupon unless either asset finishes below the 60% downside threshold, in which case investors will have full exposure to the loss.
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 underlier-linked notes
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| Underlying assets: | Nasdaq-100 index, MSCI EAFE index, iShares 20+ Year Treasury Bond ETF
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| Amount: | $1.23 million
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| Maturity: | Feb. 1, 2029
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| Coupon: | 6.6%, payable monthly if each asset closes at or above coupon barrier on related observation date
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| Price: | Par
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| Payout at maturity: | Par plus coupon if each asset finishes at or above downside threshold; otherwise, full exposure to loss
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| Call: | At par plus coupon if each asset closes at or above initial level on any monthly observation date after one year
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| Initial level: | 2,226.5 for MSCI EAFE, 17,596.27 for Nasdaq, $94.86 for ETF
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| Coupon barrier: | 75% of initial level
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| Downside threshold: | 60% of initial level
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| Pricing date: | Jan. 29
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| Settlement date: | Feb. 1
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.25%
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| Cusip: | 40057Y4A8
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