By William Gullotti
Buffalo, N.Y., Dec. 11 – GS Finance Corp. sold $1.23 million of 0% market-linked autocallable securities with contingent downside due Nov. 30, 2026 linked to the stock performance of Alphabet Inc., Chevron Corp. and UnitedHealth Group Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The securities are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent monthly interest payment at the rate of 12.2% per year if each stock closes at or above the coupon barrier level, 70% of the initial level, on the observation date for that period.
The notes will be automatically called at par plus coupon if each stock closes at or above initial level on any monthly observation date after six months.
The payout at maturity will be par if each stock finishes at or above its 60% threshold level. Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.
Wells Fargo Securities LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Market-linked autocallable securities with contingent coupon and contingent downside
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| Underlying stocks: | Alphabet Inc., Chevron Corp., UnitedHealth Group Inc.
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| Amount: | $1,227,000
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| Maturity: | Nov. 30, 2026
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| Coupon: | 12.2% annual rate, payable monthly if each stock closes at or above coupon barrier level on the relevant observation date
|
| Level: | Par
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| Payout at maturity: | Par if each stock finishes at or above its threshold level; otherwise, full exposure to decline of worst performer from initial level
|
| Call: | Automatically at par plus coupon if each stock closes at or above initial level on any monthly observation date after six months
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| Initial levels: | $133.92 for Alphabet, $143.60 for Chevron, $552.97 for UnitedHealth
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| Coupon barriers: | 70% of initial levels
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| Threshold levels: | 60% of initial levels
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| Pricing date: | Nov. 30
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| Settlement date: | Dec. 5
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| Agents: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
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| Fees: | 2.325%
|
| Cusip: | 40057XB53
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