By Wendy Van Sickle
Columbus, Ohio, March 24 – GS Finance Corp. priced $428,000 of 0% autocallable index-linked notes due March 3, 2023 tied to the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on the March 7, 2022 call observation date, the notes will be called at par plus 7%.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 1.25 times the less performing index return.
If the worst performer finishes above 85% of its initial level, the payout will be par.
If either index falls by more than 15%, investors will be exposed to any losses of the lesser-performing index beyond the 15% buffer.
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: | Dow Jones industrial average, S&P 500
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| Amount: | $428,000
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| Maturity: | March 3, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, par plus 1.25 times the less performing index return; if worst performer finishes above 85% of initial level, par; if either index falls by more than 15%, investors will be exposed to any losses of the lesser-performing index beyond the 15% buffer
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| Call: | If each index closes at or above initial level on March 7, 2022, notes will be called at par plus 7%
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| Initial index levels: | 30,932.37 for Dow and 3,811.15 for S&P
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| Trigger buffer levels: | 85% of initial levels
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| Pricing date: | Feb. 26
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| Settlement date: | March 3
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.225%
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| Cusip: | 40057FBB9
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