By Taylor Fox
New York, Nov. 23 – GS Finance Corp. priced $2.94 million of autocallable contingent coupon notes due Nov. 20, 2023 linked to the common stocks of Amazon.com, Inc., Nvidia Corp. and the American Depositary Shares of Alibaba Group Holding Ltd., 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 of 15.5% per year if each stock closes at or above its 60% 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 quarterly call observation date starting after six months.
The payout at maturity will be par unless any stock closes below 60% 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.
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| Issue: | Autocallable contingent coupon notes
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| Underlying stocks: | Amazon.com, Inc., Nvidia Corp. and Alibaba Group Holding Ltd.
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| Amount: | $2,940,000
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| Maturity: | Nov. 20, 2023
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| Contingent coupon: | 15.5% annualized, payable quarterly 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 quarterly call observation date starting after six months
|
| Initial index levels: | $3,110.28 for Amazon, $538.27 for Nvidia and $264.31 for Alibaba
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| Coupon trigger levels: | 60% of initial levels
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| Trigger levels: | 60% of initial levels
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| Pricing date: | Nov. 12
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| Settlement date: | Nov. 17
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.65%
|
| Cusip: | 40057EN29
|
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