By Wendy Van Sickle
Columbus, Ohio, April 12 – GS Finance Corp. priced $11.38 million of autocallable contingent coupon index-linked notes due April 9, 2026 linked to the Russell 2000 index, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each month, the notes will pay a contingent coupon at the rate of 11% per year if each underlying asset closes at or above its coupon trigger level, 70% of its initial level, on the observation date for that period.
The notes will be automatically called at par if each underlying asset closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par plus the contingent coupon unless the least performing asset finishes below its barrier level, 70% of its initial level, in which case investors will have full exposure to the decline of the laggard index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon index-linked notes
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| Underlying assets: | Russell 2000 index, S&P 500 index and Nasdaq-100 index
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| Amount: | $11,378,000
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| Maturity: | April 9, 2026
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| Coupon: | 11% per year, payable each month that each underlying asset closes at or above coupon trigger level on observation date for that period
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon unless least performing asset finishes below barrier level, in which case full exposure to decline of laggard index
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| Call: | Automatically at par if each underlying asset closes at or above initial level on any quarterly observation date
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| Initial levels: | 2,063.47 for Russell, 5,204.34 for S&P and 18,108.46 for Nasdaq
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| Coupon barrier levels: | 70% of initial levels
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| Final barrier levels: | 70% of initial levels
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| Pricing date: | April 5
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| Settlement date: | April 10
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 40057YZW6
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