By Wendy Van Sickle
Columbus, Ohio, Jan. 11 – GS Finance Corp. priced $17.19 million of trigger autocallable contingent yield notes due Jan. 8, 2027 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and S&P 500 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 at an annual rate of 10.38% if each index closes at or above its coupon barrier level, 75% of its initial level, on the relevant observation date.
The notes will be called at par of $10 plus the coupon if each index 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 index finishes at or above its coupon barrier.
Otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level.
UBS Financial Services Inc. and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying indexes: | Russell 2000 index, S&P 500 index, Euro Stoxx 50 index
|
| Amount: | $17,193,000
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| Maturity: | Jan. 8, 2027
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| Coupon: | 10.38% annual rate, payable quarterly if each index closes at or above coupon barrier level on observation date
|
| Price: | Par of $10
|
| Payout at maturity: | If each index finishes at or above coupon barrier, par plus final coupon; 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 index closes at or above initial level on any quarterly observation date after six months
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| Initial levels: | 4,463.51 for Stoxx, 1,951.142 for Russell, 4,697.24 for S&P
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| Coupon barriers: | 75% of initial levels
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| Downside thresholds: | 75% of initial levels
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| Pricing date: | Jan. 5
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| Settlement date: | Jan. 10
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| Agents: | UBS Financial Services Inc. and Goldman Sachs & Co. LLC
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| Fees: | 2%
|
| Cusip: | 36267H138
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