Chicago, Sept. 15 – GS Finance Corp. priced $410,000 of 4.25% autocallable fixed-coupon notes due Jan. 23, 2023 linked to the common stocks of Walt Disney Co., JPMorgan Chase & Co. and Morgan Stanley, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable quarterly.
The notes will be automatically called at par plus the coupon if the least-performing stock closes at or above its initial price on any quarterly call observation date.
If the notes are not subject to an automatic call, the payout at maturity will be par unless any stock finishes below the 50% trigger price, in which case investors will lose 1% for each 1% decline of the least-performing stock from its initial price.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable fixed-coupon notes
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| Underlying stocks: | Walt Disney Co., JPMorgan Chase & Co. and Morgan Stanley
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| Amount: | $410,000
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| Maturity: | Jan. 23, 2023
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| Coupon: | 4.25%, payable quarterly
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| Price: | Par
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| Call: | At par plus the coupon if all stocks close at or above their initial prices on any quarterly call observation date
|
| Payout at maturity: | Par unless any stock finishes below the trigger price, in which case investors will lose 1% for each 1% decline of the least-performing stock from its initial price
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| Initial prices: | $137.38 for Disney, $145.08 for JPMorgan, $98.86 for Morgan Stanley
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| Trigger prices: | 50% of initial levels
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| Pricing date: | Jan. 24
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| Settlement date: | Jan. 27
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 40057KVL4
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