Chicago, Jan. 30 – GS Finance Corp. priced $1.2 million of autocallable contingent coupon equity-linked securities due Jan. 14, 2027 linked to the worst performing of the stocks of Bank of America Corp. and NextEra Energy, Inc., 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 monthly coupon at an annual rate of 11.4% if each stock closes at or above its coupon barrier price, 60% of its initial share price, on the valuation date for that period.
The notes will be automatically called at par plus the coupon if each stock closes at or above its initial share price on any monthly valuation date after one year.
If the notes are not called and each stock finishes at or above its final barrier price, 60% of its initial share price, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the worst performer from its initial share price.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying stocks: | Bank of America Corp. and NextEra Energy, Inc.
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| Amount: | $1,200,000
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| Maturity: | Jan. 14, 2027
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| Coupon: | 11.4% annualized rate, payable monthly if each stock closes at or above coupon barrier price on valuation date for that period
|
| Price: | Par
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| Payout at maturity: | Par if each stock finishes at or above final barrier price; otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial share price
|
| Call: | Automatically at par plus coupon if each stock closes at or above initial level on any monthly valuation date after one year
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| Initial share prices: | $33.60 for BofA, $62.28 for NextEra
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| Coupon barrier prices: | 60% of initial prices
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| Final barrier prices: | 60% of initial prices
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| Pricing date: | Jan. 10
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| Settlement date: | Jan. 16
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 2.75%
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| Cusip: | 40057XTW5
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