By Kiku Steinfeld
Chicago, Jan. 10 – GS Finance Corp. priced $6.48 million of trigger autocallable contingent yield notes due Nov. 17, 2026 linked to the SPDR S&P 500 ETF Trust and SPDR S&P Regional Banking ETF, 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 8.25% if each ETF closes at or above its coupon barrier level, 70% of its initial level, on the relevant observation date.
The notes will be called at par of $10 plus the coupon if each ETF closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par plus the final coupon if each ETF finishes at or above its coupon barrier.
If the worst performer finishes below its coupon barrier but at or above the 60% downside threshold, the payout at maturity will be par plus any final coupon. If any ETF falls beyond the threshold, investors will lose 1% for each 1% decline of the worst performer from its initial level.
Goldman Sachs & Co. LLC is the agent and UBS Financial Services Inc. is the selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying ETFs: | SPDR S&P 500 ETF Trust, SPDR S&P Regional Banking ETF
|
| Amount: | $6,476,850
|
| Maturity: | Nov. 17, 2026
|
| Coupon: | 8.25%, payable quarterly if each ETF closes at or above coupon barrier level on related observation date
|
| Price: | Par of $10
|
| Payout at maturity: | If each ETF finishes at or above coupon barrier, par plus any final coupon; if worst performer finishes below coupon barrier but at or above downside threshold, par; otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level
|
| Call: | At par plus contingent coupon if each ETF closes at or above initial level on any quarterly observation date after six months
|
| Initial levels: | $467.27 for S&P ETF, $74.59 for Banking ETF
|
| Coupon barriers: | 70% of initial levels
|
| Downside thresholds: | 60% of initial levels
|
| Pricing date: | Nov. 12
|
| Settlement date: | Nov. 17
|
| Agents: | UBS Financial Services Inc. and Goldman Sachs & Co. LLC
|
| Fees: | 0%
|
| Cusip: | 36261U770
|
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