By Wendy Van Sickle
Columbus, Ohio, Jan. 6 – GS Finance Corp. priced $579,000 of 0% autocallable equity-linked notes due Dec. 23, 2024 linked to the least performing of the stocks of DocuSign, Inc., Bank of America Corp., Spotify Technology SA and Twilio Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus 40.68% a year if each stock closes at or above its call level on any semiannual call observation date; the call level is 86% of the initial level.
If all three stocks finish at or above 86% of their initial value, the payout at maturity will be par plus 162.76%.
If the worst performing stock finishes below 86% of its initial value but the final share price of each stock is greater than or equal to 50% of its initial share price, the payout will be par.
If any stock declines by more than 50%, investors will be exposed to the decline of the least performing stock.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable equity-linked notes
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| Underlying stocks: | DocuSign, Inc., Bank of America Corp., Spotify Technology SA and Twilio Inc.
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| Amount: | $579,000
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| Maturity: | Dec. 23, 2024
|
| Coupon: | 0%
|
| Price: | Par
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| Call: | At par plus 40.68% a year if each stock closes above 86% call level on any semiannual call observation date starting after one year
|
| Payout at maturity: | If worst performer finishes above 86% of initial value, par plus 162.72%; if worst performing finishes below 86% of initial share price but each stock finishes at or above 50% of its initial share price, par; otherwise, exposure to losses of worst performer
|
| Initial prices: | $241.00 for DocuSign, $28.67 for BofA, $336.10 for Spotify, $365.03 for Twilio
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| Trigger buffer prices: | 50% of initial share prices
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| Pricing date: | Dec. 18
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| Settlement date: | Dec. 23
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 1.8%
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| Cusip: | 40057EUF2
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