By Wendy Van Sickle
Columbus, Ohio, Oct. 17 – GS Finance Corp. priced $3 million of 0% step down trigger autocallable notes due Oct. 8, 2026 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 10% if the index closes at or above its initial level on any call observation date after one year.
If the index finishes at or above 80% downside threshold, the payout at maturity will be $18 for each $10.00 principal amount.
Otherwise, investors will be fully exposed to any losses of the index.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. selling agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Step down trigger autocallable notes
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| Underlying index: | MSCI Emerging Markets
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| Amount: | $3 million
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| Maturity: | Oct. 8, 2026
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | Par plus 80% unless index falls by more than 20%, in which case 1% loss for each 1% decline
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| Call: | At par plus 10% per year if index closes at or above its initial level on any annual review date
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| Initial level: | 1,010.38
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| Downside threshold: | 808.3, 80% of initial level
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| Pricing date: | Oct. 4
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| Settlement date: | Oct. 9
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| Agent: | Goldman Sachs & Co. LLC with UBS Financial Services Inc.
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| Fees: | 1.4%
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| Cusip: | 36256M262
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