By Taylor Fox
New York, March 26 – GS Finance Corp. priced $3.28 million of contingent income autocallable securities due April 18, 2022 linked to the common stock of EOG Resources, 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 monthly coupon at an annual rate of 5% if the stock closes at or above the 63% downside threshold on the related determination date.
The notes will be called at par of $10 plus the contingent coupon if the stock closes at or above its initial price on any monthly determination date.
The payout at maturity will be par plus the final coupon unless the stock finishes below its 63% downside threshold, in which case investors will lose 1% for each 1% share price decline.
Goldman Sachs & Co. is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Contingent income autocallable securities
|
| Underlying stock: | EOG Resources, Inc.
|
| Amount: | $3,283,500
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| Maturity: | April 18, 2022
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| Coupon: | 5% annual rate, payable monthly if stock closes at or above downside threshold level on determination date for that period
|
| Price: | Par of $10
|
| Payout at maturity: | If stock finishes at or above downside threshold, par plus final coupon; otherwise, full exposure to share price decline
|
| Call: | At par plus contingent coupon if stock closes at or above initial price on any monthly determination date
|
| Initial share price: | $75
|
| Downside threshold: | $47.25, 63% of initial price
|
| Pricing date: | March 12
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| Settlement date: | March 17
|
| Agent: | Goldman Sachs & Co.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 1.6%
|
| Cusip: | 36259Y594
|
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