Chicago, June 16 – GS Finance Corp. priced $1.07 million of autocallable contingent coupon index-linked notes due March 9, 2026 tied to the S&P 500 Volatility Plus Daily Risk Control index, 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 9.75% if the index closes at or above the coupon trigger level, 70% of the initial level, on the valuation date for that period.
The notes will be called at par if the index closes at or above its initial level on any quarterly call observation date after one year.
If the notes are not called and the index finishes at or above 70% of initial value, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon index-linked notes
|
| Underlying index: | S&P 500 Volatility Plus Daily Risk Control index
|
| Amount: | $1,071,000
|
| Maturity: | March 9, 2026
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| Coupon: | 9.75% annualized rate, payable monthly if the index closes at or above coupon trigger level, on valuation date for that period
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above trigger buffer level, par; otherwise, 1% loss for each 1% decline of the index
|
| Call: | At par if the index closes at or above its initial level on any quarterly call observation date after one year
|
| Initial index level: | 3,064.18
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| Trigger buffer level: | 70% of initial levels
|
| Coupon trigger level: | 70% of initial levels
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.09%
|
| Cusip: | 40057RS25
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