By Kiku Steinfeld
Chicago, Sept. 17 – GS Finance Corp. priced $3.72 million of autocallable contingent coupon notes due July 2, 2026 linked to the lesser performing of the iShares MSCI Emerging Markets ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 6% if each underlying asset closes at or above its 75% coupon barrier on the observation date for that quarter.
The notes will be called at par if each asset closes at or above its initial level on any quarterly review date after six months.
The payout at maturity will be par unless either asset falls by more than 25%, in which case investors will be exposed to any losses of the worse performing index or fund.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
|
| Underlying assets: | iShares MSCI Emerging Markets ETF, Euro Stoxx 50
|
| Amount: | $3,724,000
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| Maturity: | July 2, 2026
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| Coupon: | 6% annualized, payable quarterly if each asset closes at or above 75% coupon barrier on review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | If each asset finishes at or above 75% buffer level, par; otherwise, 1% loss for each 1% decline of worse performing asset
|
| Call: | At par if each index closes at or above its initial level on any quarterly review date after six months
|
| Initial levels: | $55.50 for fund and 4,120.66 for Stoxx
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| Coupon barriers: | 75% of initial levels
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| Pricing date: | June 25
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| Settlement date: | June 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 40057HN71
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