By Kiku Steinfeld
Chicago, July 13 – GS Finance Corp. priced $775,000 of callable contingent coupon equity-linked notes due Feb. 17, 2026 tied to Capital One Financial Corp., Dollar Tree, Inc. and Freeport-McMoRan Inc., 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 monthly coupon at an annual rate of 5.25% if each stock closes at or above the coupon trigger level, 70% of the initial level, on the valuation date for that period.
The notes may be called at par plus any coupon due on any monthly call observation date after one year.
If the notes have not been called and each stock finishes at or above its 70% trigger buffer level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.
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: | Callable contingent coupon equity-linked notes
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| Underlying stocks: | Capital One Financial Corp., Dollar Tree, Inc. and Freeport-McMoRan Inc.
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| Amount: | $775,000
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| Maturity: | Feb. 17, 2026
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| Coupon: | 5.25% annualized rate, payable monthly if each stock closes at or above coupon trigger level, on valuation date for that period
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| Price: | Par
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| Payout at maturity: | If each stock finishes at or above trigger buffer, par; otherwise, full exposure to decline of worst performer from initial level
|
| Call option: | At par plus any coupon due on any monthly call observation date after one year
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| Initial levels: | $115.39 for Capitol One, $147.04 for Dollar Tree, $42.36 for Freeport-McMoRan
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| Coupon trigger levels: | 70% of initial levels
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| Trigger buffer levels: | 70% of initial levels
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| Pricing date: | Feb. 10
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| Settlement date: | Feb. 15
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.75%
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| Cusip: | 40057PMF6
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