Chicago, March 11 – GS Finance Corp. priced $5.47 million of contingent income autocallable securities due March 4, 2027 linked to the class A common stock of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a quarterly coupon of 11.05% if the stock closes above its 75% downside threshold level on the related coupon determination date.
The securities will be called automatically at par starting June 3 if the price of the underlying stock is greater than or equal to its initial price.
At maturity the payout will be par unless the stock closes below its 75% 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: | Alphabet Inc. (Ticker:GOOGL)
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| Amount: | $5,465,000
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| Maturity: | March 4, 2027
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| Coupon: | 11.05% annual rate, payable quarterly if stock closes above downside threshold level on related determination date
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| Price: | Par
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| Payout at maturity: | Par unless the stock closes 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 starting June 3 if the price of the underlying stock is greater than or equal to its initial price
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| Initial level: | $137.14
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| Downside threshold: | $102.855, 75% of initial level
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| Pricing date: | March 1
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| Settlement date: | March 6
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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: | 40057YGT4
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