New York, Feb. 15 – GS Finance Corp. priced $17.380 million of contingent income autocallable securities due Feb. 12, 2027 linked to the common stock of Rivian Automotive, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 25.4%, paid quarterly, if the stock closes at or above its 50% downside threshold level on the relevant observation date, plus any previously unpaid coupon.
The securities will be called automatically at par if the closing price of the underlying stock is greater than or equal to its initial level on any quarterly observation date.
At maturity, the payout will be par unless the stock finishes below its 50% 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. Morgan Stanley Wealth Management is the dealer.
| 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: | Rivian Automotive, Inc.
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| Amount: | $17,378,000
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| Maturity: | Feb. 12, 2027
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| Coupon: | 25.4%, paid quarterly, if the stock closes at or above its 50% downside threshold level on the relevant observation date, plus any previously unpaid coupon
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the stock
|
| Call: | Automatically at par if the closing price of the underlying stock is greater than or equal to its initial level on any quarterly observation date
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| Initial level: | $16.68
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| Downside threshold: | $8.34, 50% of initial level
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| Pricing date: | Feb. 9
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| Settlement date: | Feb. 14
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| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.25%
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| Cusip: | 40057YB51
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