By Wendy Van Sickle
Columbus, Ohio, Sept. 24 – GS Finance Corp. priced $312,000 of autocallable continent coupon underlier-linked notes due March 22, 2022 linked to the iShares Silver trust, 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 annualized rate of 9.25% if the asset closes at or above its coupon trigger, 80% of its initial level, on any quarterly observation date.
The notes will be called if the underlier closes at or above its initial level on any observation date.
If the notes are not called and the underlier closes at or above its buffer level, 80% of its initial level, the payout at maturity will be par.
If the underlier falls by more than 20%, investors will lose 1% for every 1% decline of the lesser performing underlier beyond 20%.
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 underlier-linked notes
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| Underlying asset: | iShares Silver trust
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| Amount: | $312,000
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| Maturity: | March 22, 2022
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| Coupon: | 9.25%, payable quarterly if the underlier closes at or above its coupon trigger on observation date
|
| Price: | Par
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| Call: | At par plus coupon if the underlier closes at or above initial level on any observation date
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| Payout at maturity: | Par if the underlier closes at or above its buffer level; otherwise, exposure to losses of lesser-performing underlier beyond buffer
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| Initial level: | $25.23
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| Coupon trigger/buffer level: | 80% of initial level
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| Pricing date: | Sept. 15
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| Settlement date: | Sept. 18
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.263%
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| Cusip: | 40057CUD1
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