By Marisa Wong
Morgantown, W.Va., April 17 – GS Finance Corp. priced $1.84 million of autocallable contingent coupon notes due Oct. 6, 2025 linked to the iShares MSCI Emerging Markets exchange-traded fund 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 pay a contingent monthly coupon at an annual rate of 10.75% if each underlier closes at or above 80% of its initial level on the related monthly observation date.
The notes will be automatically called at par if each underlier closes at or above its initial level on any monthly observation date after one year.
The payout at maturity will be par plus the final coupon unless either underlier falls by more than 20%, in which case investors will lose 1% for every 1% decline of the lesser-performing underlier beyond 20%.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable contingent coupon notes
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Underlying assets: | iShares MSCI Emerging Markets ETF and Nasdaq-100 index
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Amount: | $1,839,000
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Maturity: | Oct. 6, 2025
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Coupon: | 10.75%, payable each month that each underlier closes at or above 80% of initial level on related observation date
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Price: | Par
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Payout at maturity: | Par plus final coupon, unless either underlier falls by more than 20%, in which case 1% for every 1% decline of the lesser-performing underlier beyond 20%
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Call: | At par if each underlier closes above initial level on any monthly observation date after one year
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Initial levels: | $47.29 for ETF and 6,460.810 for index
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Coupon trigger levels: | $37.832 for ETF and 5,168.648 for index; 80% of initial levels
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Buffer levels: | $37.832 for ETF and 5,168.648 for index; 80% of initial levels
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Pricing date: | March 28
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Settlement date: | April 2
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.4%
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Cusip: | 40055AT98
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