By Wendy Van Sickle
Columbus, Ohio, Sept. 16 – GS Finance Corp. priced $1.8 million of autocallable contingent coupon equity-linked securities due July 2, 2024 linked to the common stock of CrowdStrike Holdings, 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 quarterly coupon at an annualized rate of 10% if the stock closes at or above the coupon barrier price, 50% of the initial price, on the valuation date for that period.
The notes will be automatically called at par plus the contingent coupon if the stock close at or above the initial share price on any quarterly valuation date.
If the notes are not called and the final share price is greater than or equal to the 50% final barrier price, the payout at maturity will be par plus the final coupon.
Otherwise, investors will be fully exposed to the decline of the stock price from its initial share price.
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: | Autocallable contingent coupon equity-linked securities
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| Underlying stock: | CrowdStrike Holdings, Inc.
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| Amount: | $1,801,000
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| Maturity: | July 2, 2024
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| Coupon: | 10% annually, payable quarterly, if stock closes at or above coupon barrier price on valuation date for that period
|
| Price: | Par
|
| Payout at maturity: | If notes are not called and final share price is greater than or equal to final barrier price, par plus final coupon; otherwise, full exposure to decline in the stock
|
| Call: | Automatically at par plus contingent coupon if stock closes at or above initial level on any quarterly valuation date
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| Initial share price: | $253.24
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| Coupon barrier level: | 50% of initial level
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| Final barrier level: | 50% of initial level
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| Pricing date: | June 25
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| Settlement date: | July 2
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.45%
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| Cusip: | 40057HPB0
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