By William Gullotti
Buffalo, N.Y., Jan. 26 – GS Finance Corp. priced $5.53 million of trigger autocallable contingent yield notes due Jan. 25, 2028 linked to the Euro Stoxx 50 index and SPDR S&P MidCap 400 ETF Trust, 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 quarterly coupon at an annual rate of 8.5% if each underlier closes at or above its coupon barrier level, 70% of its initial level, on the relevant observation date.
The notes will be called at par of $10 plus the coupon if each underlier closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par plus the final coupon if each underlier finishes at or above the 70% downside threshold.
If any underlier falls beyond the threshold, investors will lose 1% for each 1% decline of the worst performer from its initial level.
UBS Financial Services Inc. and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger autocallable contingent yield notes
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| Underlying assets: | Euro Stoxx 50 index, SPDR S&P MidCap 400 ETF Trust
|
| Amount: | $5,532,550
|
| Maturity: | Jan. 25, 2028
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| Coupon: | 8.5%, payable quarterly if each underlier closes at or above coupon barrier level on observation date
|
| Price: | Par of $10
|
| Payout at maturity: | If each underlier finishes at or above downside threshold, par plus final coupon; otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level
|
| Call: | At par plus contingent coupon if each underlier closes at or above initial level on any quarterly observation date after six months
|
| Initial levels: | 4,119.9 for Stoxx, $466.20 for ETF
|
| Coupon barriers: | 70% of initial levels
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| Downside thresholds: | 70% of initial levels
|
| Pricing date: | Jan. 20
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| Settlement date: | Jan. 25
|
| Agents: | UBS Financial Services Inc. and Goldman Sachs & Co. LLC
|
| Fees: | 2.25%
|
| Cusip: | 36264U769
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