By Wendy Van Sickle
Columbus, Ohio, Nov. 22 – GS Finance Corp. priced $17.35 million of autocallable variable coupon equity-linked notes due Nov. 27, 2028 linked to the common stock of Tesla, Inc., the common stock of Amazon.com, Inc. and the common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a monthly coupon. The coupon rate is 9.57% per year if each stock closes at or above 70% of its initial share price on the observation date for that month. Otherwise, the coupon rate is 0.25% per year.
Beginning in November 2024, the notes will be automatically called at par if each stock closes at or above its initial share price on any monthly observation date.
The payout at maturity will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable variable coupon equity-linked notes
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| Underlying stocks: | Tesla, Inc., Amazon.com, Inc. and Nvidia Corp.
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| Amount: | $17,345,000
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| Maturity: | Nov. 27, 2028
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| Coupon: | 9.75% per year if each stock closes at or above 70% of its initial share price on related observation date; otherwise, 0.25% per year; payable monthly
|
| Price: | Par
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| Payout at maturity: | Par
|
| Call: | Beginning in November 2024, automatically at par if each stock closes at or above initial share price on any monthly observation date
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| Initial share prices: | $234.30 for Tesla, $145.18 for Amazon.com and $492.98 for Nvidia
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| Pricing date: | Nov. 17
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| Settlement date: | Nov. 22
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.75%
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| Cusip: | 40057WUW5
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