Goldman Sachs RingCentral Autocallable
The White Law Group is investigating potential securities lawsuits involving Goldman Sachs RingCentral Autocallable Notes.
Investors who purchased a structured product from Goldman Sachs linked to RingCentral, Inc. may face significant downside risk depending on stock performance.
The structured note in question—Goldman Sachs’ Contingent Income Auto-Callable Securities based on the Class A Common Stock of RingCentral, Inc. (CUSIP: 36261U507)—was issued in October 2021 with a face value of $14,938,730. The note’s performance is tied to the share price of RingCentral, and poor performance could substantially reduce or eliminate the final payout.
Details of the Investment – Goldman Sachs RingCentral Autocallable
- Issue Date: October 27, 2021
- Linked Security: RingCentral, Inc. Class A Common Stock (NYSE: RNG)
- Product Type: Contingent Income Auto-Callable Structured Note
- Face Value: $14,938,730
- Final Payout: Depends on RingCentral stock price on October 24, 2022
- If price ? $173.628 (70% of initial $248.04): $10 + final coupon ($0.38125) per note
- If price < $173.628: $10 × (final share price ÷ $248.04) — leading to potential full loss
- Total Loss Potential: Up to 100% of principal. An investor could lose all capital if the share price falls below the downside threshold.
Why Could the Investment Lose Value?
Contingent income notes expose investors to risk of non-payment and capital loss. In this case:
- The note automatically calls if RNG stock closes ? initial price on any observation date
- If not called and price < $173.628 on final date, no coupon paid and investors lose proportionally
- You will not receive fixed interest, only contingent coupon payments if threshold is met
- Estimated value at pricing was $9.71 per $10 note
Understanding the Risks of Autocallable Notes
Though marketed for quarterly coupon potential, risks include:
- Market risk of RingCentral stock (RNG)
- Credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
- No guaranteed interest payments
- Full exposure to market downside
- Not FDIC insured or protected by any agency
Did Your Financial Advisor Recommend This Investment?
Brokers are required to assess investment suitability. If this RingCentral-linked note was sold without adequate risk explanation, you may be able to recover losses through FINRA arbitration.
FINRA Arbitration vs. Class Action
- FINRA arbitration is often better for larger, unique claims
- Class actions may apply to smaller, widespread cases
Free Consultation
The White Law Group is investigating potential claims involving Goldman Sachs RingCentral Autocallable Notes. If you experienced investment losses, call (888) 637-5510 for a free consultation.
Visit www.whitesecuritieslaw.com for more information on our investigations.
Last modified: June 4, 2025
