By Taylor Fox
New York, Nov. 10 – GS Finance Corp. priced $1.21 million of 0% autocallable notes due Oct. 17, 2022 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.
The notes will be automatically called at par plus 8.25% if the index finishes at or above its initial level on Oct. 15, 2021
If the notes are not called and the index return is positive, the payout will be par plus 1.5 times the return.
If the index declines by up to 25%, the payout will be par.
Otherwise, investors will be full exposed to the losses of the index.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,205,000
|
| Maturity: | Oct. 17, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 8.25% if index closes at or above initial level on Oct. 15, 2021
|
| Payout at maturity: | Par plus 1.5 times any index gain; par if index declines up to 25%; otherwise, full exposure to losses
|
| Initial level: | 3,477.13
|
| Trigger buffer level: | 75% of initial level
|
| Pricing date: | Oct. 9
|
| Settlement date: | Oct. 15
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.425%
|
| Cusip: | 40057EDT1
|
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