By Wendy Van Sickle
Columbus, Ohio, March 16 – GS Finance Corp. priced $12.21 million of contingent income autocallable securities due March 13, 2026 linked to the common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 16.2% per year, paid quarterly, if the stock closes at or above its 50% coupon trigger price on the relevant observation date.
The securities will be called at par if the stock closes at or above its initial level on any quarterly valuation date
At maturity, the payout will be par unless the stock finishes below its 50% downside threshold level, in which case investors will be fully exposed to the decline of the stock.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Contingent income autocallable securities
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| Underlying stock: | Nvidia Corp.
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| Amount: | $12,214,300
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| Maturity: | March 13, 2026
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| Coupon: | 16.2% per year, paid quarterly if stock closes at or above coupon trigger price on the relevant determination date
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the stock
|
| Call: | Automatically at par if the stock closes at or above its initial level on any quarterly valuation date
|
| Initial level: | $229.65
|
| Coupon trigger price: | $114.825, 50% of initial level
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| Downside threshold: | $114.825, 50% of initial level
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| Pricing date: | March 10
|
| Settlement date: | March 15
|
| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.25%
|
| Cusip: | 36264U884
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