Chicago, April 22 – GS Finance Corp. priced $524,000 of autocallable contingent coupon equity-linked notes due Feb. 2, 2026 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent monthly coupon at the rate of 16% per year if the stock closes at or above 70% of the initial share price on the observation date for that period. Previously unpaid coupons will also be paid.
Beginning after three months, the notes will be automatically called at par if the stock closes at or above its initial share price on any monthly observation date.
The payout at maturity will be par unless the stock finishes below 60% of the initial share price, in which case investors will lose 1% for every 1% that the final share price is less than the initial share price.
The notes are guaranteed by Goldman Sachs Group, Inc.
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 notes
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| Underlying stock: | Tesla, Inc.
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| Amount: | $524,000
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| Maturity: | Feb. 2, 2026
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| Coupon: | 16% per year, payable monthly if stock closes at or above 70% of initial share price on observation date for that period; previously unpaid coupons will also be paid
|
| Price: | Par
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| Payout at maturity: | Par unless stock finishes below 60% of initial share price, in which case 1% loss for every 1% that final share price is less than initial share price
|
| Call: | Beginning after three months, automatically at par if stock closes at or above initial share price on any monthly observation date
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| Initial share price: | $207.83
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| Coupon trigger price: | 70% of initial share price
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| Trigger buffer price: | 60% of initial share price
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| Pricing date: | Jan. 24
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| Settlement date: | Jan. 29
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 2.1%
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| Cusip: | 40057XXX8
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