By Wendy Van Sickle
Columbus, Ohio, Oct. 11 – GS Finance Corp. sold $13.39 million of 0% market-linked autocallable securities with contingent downside due Sept. 29, 2026 linked to the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, 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 quarterly interest payment at the rate of 10.7% per year if each index closes at or above the coupon barrier level, 70% of the initial share level, on the observation date for that period.
The notes will be automatically called at par plus coupon if each index closes at or above initial levels on any quarterly observation date after six months.
The payout at maturity will be par plus the final coupon if each index finishes at or above its 70% 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 indexes: | Nasdaq-100 index, Russell 2000 index, S&P 500 index
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Amount: | $13,389,000
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Maturity: | Sept. 29, 2026
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Coupon: | 10.7% annual rate, payable quarterly if all indexes close at or above their coupon barrier levels on the relevant observation date
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Price: | Par
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Payout at maturity: | Par plus final coupon if each index finishes at or above its threshold level; otherwise, full exposure to decline of worst performer from initial level
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Call: | Automatically at par plus coupon if each index closes at or above initial level on any quarterly observation date after six months
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Initial levels: | 10,971.22 for Nasdaq, 1,664.716 for Russell, 3,585.62 for S&P
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Coupon barrier: | 70% of initial level
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Threshold level: | 70% of initial level
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Pricing date: | Sept. 30
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Settlement date: | Oct. 5
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Agents: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
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Fees: | 2.5%
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Cusip: | 40057MYP8
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