By Kiku Steinfeld
Chicago, Nov. 30 – GS Finance Corp. priced $1.87 million of autocallable contingent coupon equity-linked securities due Nov. 22, 2024 linked to the common stocks of Apple Inc., Amazon.com, Inc., Nvidia Corp. and FedEx Corp., 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 quarterly coupon at an annual rate of 17.9% if each stock closes above its coupon barrier price, 65% of its initial price, on the observation date for that quarter.
The notes will be automatically called at par if each stock closes at or above 95% of its initial share price on any quarterly call observation date other than the final one.
If the notes are not called and the final share price of each stock is greater than or equal to its final barrier price, 60% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the share price of the least performing stock.
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 equity-linked securities
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| Underlying stocks: | Apple Inc., Amazon.com, Inc., Nvidia Corp. and FedEx Corp.
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| Amount: | $1,874,000
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| Maturity: | Nov. 22, 2024
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| Coupon: | 17.9%; payable quarterly if closing price of each stock is greater than or equal to 65% of initial share price on any quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par if each stock closes at or above 60% of its initial share price; otherwise, full exposure to decline of least performing stock
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| Call: | At par if closing share price of least performing stock is greater than or equal to 95% of its initial share price on any quarterly observation date other than final one
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| Initial share prices: | $118.64 for Apple, $3,117.02 for Amazon, $537.61 for Nvidia and $279.85 for FedEx
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| Coupon barrier prices: | 65% of initial share prices
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| Final barrier prices: | 60% of initial share prices
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| Pricing date: | Nov. 19
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| Settlement date: | Nov. 24
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 1.25%
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| Cusip: | 40057ENS2
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