By Kiku Steinfeld
Chicago, Jan. 10 – GS Finance Corp. priced $1.73 million of autocallable continent coupon underlier-linked notes due Jan. 6, 2025 linked to the Euro Stoxx 50 index and the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, 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 8.75% if each asset closes at or above its coupon trigger,70% of its initial level, on any quarterly observation date.
The notes will be called if each underlier closes at or above its initial level on any observation date after one year.
If the notes are not called and each underlier closes at or above its trigger, 70% of its initial level, the payout at maturity will be par plus the final coupon and any previously unpaid coupons.
If either underlier falls by more than 30%, investors will lose 1% for every 1% decline of the lesser performing underlier.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon underlier-linked notes
|
| Underlying assets: | Euro Stoxx 50 index and SPDR S&P Oil & Gas Exploration & Production ETF
|
| Amount: | $1,725,000
|
| Maturity: | Jan. 6, 2025
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| Coupon: | 8.75%, payable quarterly if each underlier closes at or above its coupon trigger on observation date
|
| Price: | Par
|
| Call: | At par plus coupon if each underlier closes at or above initial level on any observation date after one year
|
| Payout at maturity: | Par plus final coupon and any previously unpaid coupons if each underlier closes at or above its trigger; otherwise, exposure to losses of lesser-performing underlier
|
| Initial levels: | 3,782.27 for index and $23.39 for ETF
|
| Coupon trigger/trigger buffer levels: | 70% of initial levels
|
| Pricing date: | Dec. 27
|
| Settlement date: | Dec. 31
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 3.6%
|
| Cusip: | 40056XXX9
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