Chicago, Aug. 24 – GS Finance Corp. priced $9.63 million of contingent income autocallable securities due Aug. 21, 2026 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a quarterly coupon of 12.1% if the stock closes above 75% of its initial on the related coupon determination date.
The securities will be called automatically starting Nov. 20 and on each subsequent quarterly determination date if the price of the underlying stock is greater than or equal to its initial price.
At maturity the payout will be par unless the stock closes below its 75% 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.
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: | Walt Disney Co.
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Amount: | $9,625,000
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Maturity: | Aug. 21, 2026
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Coupon: | 12.1% annual rate, payable quarterly if stock closes above downside threshold level on related determination date
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Price: | Par
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Payout at maturity: | Par unless the stock closes 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 starting Nov. 20 and each subsequent quarterly determination date if the price of the underlying stock is greater than or equal to its initial price
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Initial level: | $85.96
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Downside threshold: | $64.47, 75% of initial level
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Pricing date: | Aug. 18
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Settlement date: | Aug. 23
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 2.25%
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Cusip: | 40057TUT9
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