By Kiku Steinfeld
Chicago, March 16 – GS Finance Corp. priced $1 million of autocallable contingent coupon ETF-linked notes due March 9, 2026 linked to the worst performing of the iShares China Large-Cap ETF and the VanEck Vectors Gold Miners ETF, 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 of 8.4% per annum if each fund closes at or above its 80% coupon trigger level on the observation date for that month.
The notes will be called at par if each fund closes at or above its initial level on any monthly observation date after six months.
The payout at maturity will be par unless any fund closes below 80% of its initial level, in which case investors will be fully exposed to the decline of the least performing fund beyond 20%.
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 contingent coupon ETF-linked notes
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| Underlying ETFs: | iShares China Large-Cap ETF and VanEck Vectors Gold Miners ETF
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| Amount: | $1,000,000
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| Maturity: | March 9, 2026
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| Contingent coupon: | 8.4% annualized, payable monthly if each fund closes at or above 80% coupon trigger level on the observation date for that month
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| Price: | Par
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| Payout at maturity: | Par unless any fund closes below 80% of its initial level, in which case investors will be fully exposed to the decline of the least performing fund beyond 20%
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| Call: | Automatically at par if each fund closes at or above initial level on any monthly observation date after six months
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| Initial fund levels: | $49.40 for iShares and $31.96 for VanEck Vectors
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| Trigger/buffer levels: | 80% of initial levels
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| Agent: | Goldman Sachs & Co. LLC
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| Pricing date: | March 2
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| Settlement date: | March 5
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| Fees: | 4.1%
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| Cusip: | 40057FM35
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