By Taylor Fox
New York, Nov. 6 – GS Finance Corp. priced $1.16 million of autocallable contingent coupon notes due Oct. 15, 2026 linked to the common stock of Apple Inc., the class C capital stock of Alphabet Inc. and the class A common stock of Facebook, 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 of 16.8% per year if each stock closes at or above its 65% coupon trigger level on the determination date for that quarter.
The notes will be called at par plus the contingent coupon if each stock closes at or above its initial level on any monthly call observation date starting after three months.
The payout at maturity will be par unless any stock closes below 55% of its initial level, in which case investors will be fully exposed to the decline of the least performing stock from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying stocks: | Apple Inc., Alphabet Inc. and Facebook, Inc
|
| Amount: | $1,155,000
|
| Maturity: | Oct. 15, 2026
|
| Contingent coupon: | 16.8% annualized, payable monthly if each stock closes at or above coupon trigger level on the determination date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless any stock closes below trigger level, in which case investors will be fully exposed to the decline of the least performing stock from its initial level
|
| Call: | Automatically at par plus contingent coupon if each stock closes at or above initial level on any monthly call observation date starting after three months
|
| Initial index levels: | $116.97 for Apple, $1,515.22 for Alphabet and $264.45 for Facebook
|
| Coupon trigger levels: | 65% of initial levels
|
| Trigger levels: | 55% of initial levels
|
| Pricing date: | Oct. 9
|
| Settlement date: | Oct. 15
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.125%
|
| Cusip: | 40057EF28
|
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