By Wendy Van Sickle
Columbus, Ohio, Feb. 10 – GS Finance Corp. priced $10 million of autocallable equity-linked securities due Feb. 8, 2027 tied to the stocks of Microsoft Corp., Visa Inc. and NIKE, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically redeemed at par plus a 13.5% annualized call premium if the worst-performing stock closes at or above its initial price on any annual observation date.
If the notes are not called and the final price of each stock is at or above the 60% downside threshold, the payout at maturity will be par plus 67.5%. Otherwise, investors will be exposed to the loss of the least-performing stock.
Goldman Sachs & Co. LLC is the agent with JP Morgan acting as placement agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable equity-linked securities
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| Underlying stocks: | Microsoft Corp., Visa Inc. and NIKE, Inc.
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| Amount: | $10 million
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| Maturity: | Feb. 8, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 67.5% if each stock’s final price is greater than or equal to 60% of its initial price; otherwise, full exposure to losses of least-performing stock
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| Call: | Automatically at par plus a 13.5% annualized call premium if the worst-performing stock closes at or above its initial price on any annual evaluation date
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| Initial prices: | $231.54 for Visa $145.31 for NIKE, $301.25 for Microsoft
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| Downside thresholds: | 60% of initial levels
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| Pricing date: | Feb. 7
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| Settlement date: | Feb. 9
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| Agent: | Goldman Sachs & Co. LLC
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| Placement Agent: | JP Morgan
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| Fees: | 0.75%
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| Cusip: | 40057L3Z2
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