GS Finance will sell autocallable notes tied to Dow, Russell, Nasdaq

By Devika Patel

Knoxville, Tenn., July 6 – GS Finance Corp. plans to price 0% autocallable notes due July 31, 2024 linked to the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

Beginning July 26, 2021, the notes will be called at par plus an annual call premium of at least 13% if each index closes at or above 95% of its initial level on an annual call observation date. The exact call premium will be set at pricing.

If the notes are not called and the return of the worst performing index is greater than its initial level, the payout at maturity will be par plus the maturity date premium of at least 52%. The exact maturity date premium will be set at pricing.

If the return of the worst performing index is less than its initial level but greater than or equal to the buffer, 70% of its initial level, the payout will be par.

If the return of the worst performing index is less than negative 30%, investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40057CFJ5) will price on July 24 and settle July 29.

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