By William Gullotti
Buffalo, N.Y., Jan. 12 – GS Finance Corp. priced $3 million of 9.6% autocallable fixed coupon underlier-linked notes due May 11, 2026 linked to the performance of the Financial Select Sector SPDR Fund and the stock performance of Citigroup Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable monthly.
The notes will be automatically called at par plus the coupon if the least-performing underlier closes at or above its initial level on any annual call observation date.
If the notes are not subject to an automatic call, the payout at maturity will be par unless any underlier finishes below the 60% trigger buffer, in which case investors will be fully exposed to the decline of the worst performer from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable fixed coupon underlier-linked notes
|
| Underlying assets: | Financial Select Sector SPDR Fund, Citigroup Inc.
|
| Amount: | $3,001,000
|
| Maturity: | May 11, 2026
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| Coupon: | 9.6%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless any underlier finishes below the trigger buffer, in which case investors will lose 1% for each 1% decline of worst performer from initial level
|
| Call: | At par plus the coupon if each underlier closes at or above initial level on any annual call observation date
|
| Initial levels: | $37.44 for ETF, $53.64 for stock
|
| Trigger buffers: | 60% of initial levels
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| Strike date: | Jan. 3
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| Pricing date: | Jan. 5
|
| Settlement date: | Jan. 9
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.47%
|
| Cusip: | 40057XSS5
|
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