By Wendy Van Sickle
Columbus, Ohio, June 16 – GS Finance Corp. priced $613,000 of autocallable contingent coupon notes due May 26, 2026 linked to the Invesco S&P 500 High Beta ETF and the Russell 2000 index, 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 6% per annum if each asset closes at or above its 85% coupon trigger level on the determination date for that quarter.
The notes will be called at par plus the contingent coupon if each asset closes at or above its initial level on any quarterly call observation date starting after one year.
The payout at maturity will be par unless any asset closes below 85% of its initial level, in which case investors will be fully exposed to the decline of the least performing asset from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying assets: | Invesco S&P 500 High Beta ETF and Russell 2000 index
|
| Amount: | $613,000
|
| Maturity: | May 26, 2026
|
| Contingent coupon: | 6% annualized, payable quarterly if each asset closes at or above 85% coupon trigger level on determination date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless any asset closes below 85% of its initial level, exposure to decline of least performing asset from its initial level
|
| Call: | Automatically at par plus contingent coupon if each asset closes at or above initial level on any quarterly call observation date starting after one year
|
| Initial asset levels: | $76.12 for ETF, 2,227.119 for Russell
|
| Coupon levels: | 85% of initial levels
|
| Trigger levels: | 85% of initial levels
|
| Pricing date: | May 17
|
| Settlement date: | May 20
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.75%
|
| Cusip: | 40057HAR1
|
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