New Issue: GS Finance sells $850,000 index-linked notes on Euro Stoxx 50

By Kiku Steinfeld

Chicago, May 31 – GS Finance Corp. priced $850,000 of 0% index-linked notes due Nov. 3, 2025 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is positive, the payout at maturity will be par plus the index return, capped at $1,327.50 per each $1,000 of notes.

If the index’s final level is less than or equal to its initial level but greater than or equal to its final barrier level, 60% of its initial level, the payout will be par plus the absolute value of the index’s return.

If the index’s final level is less than its final barrier level, investors will lose 1% for every 1% of index decline from its initial level.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	Euro Stoxx 50
Amount:	$850,000
Maturity:	Nov. 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at $1,327.50 per $1,000 of notes; if the index’s final level is less than initial level but greater than or equal to final barrier level, par plus absolute value of the index’s return; if the index’s final level is less than final barrier level, 1% loss for every 1% decline of the index from its initial level
Initial index level:	4,250.56
Final barrier level:	60% of initial index level
Pricing date:	Oct. 29, 2021
Settlement date:	Nov. 3, 2021
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.5%
Cusip:	40057K2D4

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