By Kiku Steinfeld
Chicago, July 13 – GS Finance Corp. priced $1.5 million of 0% autocallable index-linked notes due Jan. 6, 2025 tied to the Nasdaq-100 index, the Dow Jones U.S. Select Dividend index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on any semiannual call date after one year, the notes will be called at par plus an 13.8% call premium amount.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus the 41.4% maturity date premium.
If the worst performer declines but finishes at or above 70% of its initial level, the payout will be par.
If any index falls by more than 30%, investors will be exposed to the decline of the worst performing index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable index-linked notes
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Underlying indexes: | Nasdaq-100 index, Dow Jones U.S. Select Dividend index and Russell 2000 index
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Amount: | $1,497,000
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Maturity: | Jan. 6, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 41.4% maturity date premium if all indexes finish at or above initial levels; par if worst performer declines but finishes above 70% of initial level; otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level
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Call: | Automatically at par plus 13.8% annual premium if all indexes finish above initial levels on any semiannual call date starting after one year
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Initial index levels: | 852.23 for Dow, 2,173.931 for Russell, 15,801.46 for Nasdaq
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Trigger buffer levels: | 70% of initial levels
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Pricing date: | Dec. 27, 2021
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Settlement date: | Dec. 30, 2021
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.99%
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Cusip: | 40057KKV4
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