Chicago, Feb. 28 – GS Finance Corp. priced $813,000 of autocallable contingent coupon basket-linked notes due Jan. 24, 2029 linked to an equally-weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket consists of the stocks of Alaska Air Group, Inc., Delta Air Lines, Inc., Southwest Airlines Co. and United Airlines Holdings, Inc.
The notes will pay a contingent monthly coupon at an annual rate of 10.25% if the basket closes at or above its coupon barrier level, 75% of its initial price, on a related determination date.
The notes will be automatically called at par plus coupon if the basket closes at or above its initial level on any monthly call observation date starting after one year.
If the notes are not called and the final level of the basket is greater than or equal to the 60% trigger buffer, the payout at maturity will be par plus any final coupon.
Otherwise, investors will be fully exposed to the decline of the basket from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying basket: | Alaska Air Group, Inc., Delta Air Lines, Inc., Southwest Airlines Co. and United Airlines Holdings, Inc.; equal weights
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| Amount: | $813,000
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| Maturity: | Jan. 24, 2029
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| Coupon: | 10.25% annual rate; payable monthly if closing level of the basket is greater than or equal to coupon barrier on related observation date
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| Price: | Par
|
| Payout at maturity: | Par plus any final coupon if the basket finishes at or above trigger buffer; otherwise, full exposure to decline of basket from initial level
|
| Call: | At par plus coupon if basket closes at or above initial level on any monthly observation date starting after one year
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| Initial levels: | $33.61 for Alaska, $37.14 for Delta, $28.11 for Southwest, $37.88 for United
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| Coupon barrier level: | 75% of initial level
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| Trigger buffer level: | 60% of initial level
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| Pricing date: | Jan. 17
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| Settlement date: | Jan. 19
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 3.75%
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| Cusip: | 40057XNM3
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