By William Gullotti
Buffalo, N.Y., Feb. 25 – GS Finance Corp. priced $3.71 million of 0% autocallable contingent coupon underlier-linked notes due Feb. 25, 2027 linked to the least performing of the Euro Stoxx Banks index and the SPDR S&P Regional Banking ETF, 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 monthly contingent coupon of 9% annually if each underlier is at or above the 75% coupon trigger level on the corresponding observation date.
The notes will be automatically called at par plus coupon if each underlier closes at or above initial levels on any monthly observation date after one year.
At maturity, if each underlier finishes at or above its 85% buffer level, the payout will be par plus the final coupon.
Otherwise, investors will lose 1% for every 1% decline of the worst performer beyond 15%.
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 underlier-linked notes
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| Underlying assets: | Euro Stoxx Banks index, SPDR S&P Regional Banking ETF
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| Amount: | $3,712,000
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| Maturity: | Feb. 25, 2027
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| Coupon: | Payable monthly at an annual rate of 9% if each underlier closes at or above the coupon trigger level on the corresponding observation date
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| Price: | Par
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| Payout at maturity: | Par plus coupon if each underlier finishes at or above buffer level; otherwise, lose 1% for every 1% decline of the worst performer beyond buffer
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| Call: | Automatically at par plus coupon if each underlier closes at or above initial levels on any monthly observation date after one year
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| Initial levels: | $73.54 for ETF, 108.92 for index
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| Coupon trigger: | 75% of initial levels
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| Buffer levels: | 85% of initial levels
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| Pricing date: | Feb. 18
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| Settlement date: | Feb. 24
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 3.75%
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| Cusip: | 40057L6S5
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