By Taylor Fox
New York, March 19 – GS Finance Corp. priced $4.49 million of trigger autocallable contingent yield notes due March 7, 2024 linked to the common stock of DocuSign, 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 quarterly coupon at an annual rate of 16.15% if the stock closes at or above its coupon barrier, 60% of its initial level, on the observation date for that quarter.
The notes will be called at par plus the coupon if the stock closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par plus the coupon unless the stock finishes below the 60% downside threshold, in which case investors will lose 1% for each 1% decline of the stock from its initial level.
Goldman Sachs & Co. is the agent with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying stock: | DocuSign, Inc.
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| Amount: | $4,490,500
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| Maturity: | March 7, 2024
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| Coupon: | 16.15%, payable quarterly if the stock closes at or above coupon barrier on related observation date
|
| Price: | Par of $10
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| Call: | At par plus coupon if the stock closes at or above initial level on any quarterly observation date
|
| Payout at maturity: | Par plus coupon if stock closes above downside threshold; otherwise 1% for each 1% decline of stock from initial level
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| Initial level: | $204.32
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| Coupon barrier: | $122.59, 60% of initial level
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| Downside threshold: | $122.59, 60% of initial level
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| Pricing date: | March 8
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| Settlement date: | March 10
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| Agents: | UBS Financial Services Inc. and Goldman Sachs & Co.
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| Fees: | 2.175%
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| Cusip: | 36259Y669
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