By Marisa Wong
Los Angeles, June 4 – GS Finance Corp. priced $23.99 million of 3.56% autocallable buffered fixed coupon index-linked notes due June 2, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable semiannually.
The notes will be automatically called at par if the index closes at or above the initial index level on any semiannual call observation date beginning May 31, 2022.
If the notes have not been called and the index return is at least negative 20%, the payout at maturity will be par. Otherwise, investors will lose 1.25% for each 1% loss beyond 20%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable buffered fixed coupon index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $23,994,000
|
| Maturity: | June 2, 2025
|
| Coupon: | 3.56%, payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par unless index falls by more than 20%, in which case 1.25% loss for each 1% loss beyond 20%
|
| Call: | Automatically at par if the index closes at or above the initial index level on any semiannual call observation date beginning May 31, 2022
|
| Initial level: | 4,204.11
|
| Pricing date: | May 28
|
| Settlement date: | June 3
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | None
|
| Cusip: | 40057HCJ7
|
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