New York, Aug. 9 – GS Finance Corp. priced $6.78 million of contingent income autocallable securities due Aug. 3, 2023 linked to the common stock of salesforce.com, inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12% per annum, payable quarterly if the stock closes at or above its 60% downside threshold on the corresponding observation date.
The securities will be called automatically at par if the stock closes at or above its initial level on any quarterly observation date.
At maturity, the payout will be par unless the stock finishes below its downside threshold level, in which case investors will be fully exposed to the decline of the stock.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Contingent income autocallable securities
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| Underlying stock: | salesforce.com, inc.
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| Amount: | $6.78 million
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| Maturity: | Aug. 3, 2023
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| Coupon: | 12% per annum, payable quarterly if the stock closes at or above its 60% downside threshold on the corresponding observation date
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| Price: | Par of $10
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| Payout at maturity: | Par unless the stock finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the stock
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| Call: | Automatically at par if the stock closes at or above its initial level on any quarterly observation date
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| Initial level: | $184.02
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| Downside threshold: | $110.412, 60% of initial level
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| Pricing date: | July 29
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| Settlement date: | Aug. 3
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| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 1.75%
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| Cusip: | 36264Q123
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