Chicago, Jan. 25 – GS Finance Corp. priced $2.9 million of autocallable contingent coupon underlier-linked notes due Jan. 23, 2026 linked to the Dow Jones industrial average and the VanEck Gold Miners ETF, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay an 11% quarterly contingent coupon if both assets close above their 65% coupon trigger levels on the related observation date.
The notes will be automatically called at par if both assets close at or above its initial level on any of the quarterly call observation date.
Investors will receive par if both assets close above the 65% trigger buffer levels.
Otherwise, investors will be fully exposed to the losses of the lesser performing asset.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon underlier-linked notes
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| Underlying assets: | Dow Jones industrial average and VanEck Gold Miners ETF
|
| Amount: | $2,896,000
|
| Maturity: | Jan. 23, 2026
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| Coupon: | 11% annual rate, payable quarterly if both assets close above coupon trigger levels on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par if both assets close above trigger buffer levels; otherwise, full exposure to losses of worse performer
|
| Call: | Automatically at par if both assets close above initial levels on any quarterly observation date
|
| Initial levels: | 37,863.80 for index, $27.69 for fund
|
| Coupon trigger levels: | 65% of initial levels
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| Trigger buffer levels: | 65% of initial levels
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| Pricing date: | Jan. 19
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| Settlement date: | Jan. 24
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.75%
|
| Cusip: | 40057XXK6
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