By Wendy Van Sickle
Columbus, Ohio, July 12 – GS Finance Corp. priced $1.26 million of autocallable contingent coupon equity-linked notes due June 26, 2026 linked to the stocks of Apple Inc., Tesla, Inc. and Amazon.com, 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 15.35% if each stock closes at or above its coupon barrier price, 60% of its initial price, on a related determination date.
The notes will be automatically called at par plus coupon if each stock closes at or above its initial share price on any monthly call observation date after six months.
If the notes have not been called, the payout at maturity will be par with any contingent coupon due unless the final price of each stock is less than its initial price and any stock finishes below 50% of its initial level, in which case investors will be fully exposed to the loss of the least performing stock.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying stocks: | Apple Inc., Tesla, Inc. and Amazon.com, Inc.
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| Amount: | $1,262,000
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| Maturity: | June 26, 2026
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| Coupon: | 15.35% annual rate, payable monthly if closing price of each stock is greater than or equal to coupon barrier on related observation date
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| Price: | Par
|
| Payout at maturity: | Par plus any coupon due unless each stock finishes below its initial level and any stock finishes below 50% of its initial level, in which case full exposure to loss of least-performing stock
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| Call: | At par plus coupon if closing share price of least performing stock is greater than or equal to its initial share price on any monthly observation date after six months
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| Initial share prices: | $186.68 for Apple, $256.60 for Tesla and $129.33 for Amazon
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| Coupon barrier prices: | 60% of initial levels
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| Pricing date: | June 23
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| Settlement date: | June 28
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.6%
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| Cusip: | 40057TE34
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