By Kiku Steinfeld
Chicago, July 18 – GS Finance Corp. priced $797,000 of 0% index-linked notes due Dec. 31, 2026 tied to the Dow Jones U.S. Select Dividend index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index closes at or above its initial level, the payout at maturity will be par plus 1.05 times the index return.
If the index falls but finishes at or above 70% of its initial level, investors will receive par plus the absolute value of its return. Otherwise, investors will be fully exposed to the loss of the index from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
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| Underlying index: | Dow Jones U.S. Select Dividend
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| Amount: | $797,000
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| Maturity: | Dec. 31, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.05 times any gain; par plus absolute value of index return if it falls but not below trigger level; otherwise, full exposure to loss of index
|
| Initial level: | 873.75
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| Trigger level: | 70% of initial level
|
| Pricing date: | Dec. 28, 2021
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| Settlement date: | Dec. 31, 2021
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.34%
|
| Cusip: | 40057KC35
|
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