By Taylor Fox
New York, Dec. 30 – GS Finance Corp. priced $195,000 of 0% autocallable index-linked notes due Dec. 7, 2022 tied 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 called at $1,070 per $1,000 of notes if the index closes at or above its initial level on Dec. 7, 2021.
If the notes are not called, the payout at maturity will be par plus the index return if the index finishes at or above its initial level.
If the index return is less than 25% of the final level the return will be par; otherwise, investors will be exposed to the losses of the index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $195,000
|
| Maturity: | Dec. 7, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its initial level, par plus the index return; if the index return is less than 25% of the final level the return will be par; otherwise, full exposure to losses of index
|
| Call: | $1,070 per $1,000 of notes if index closes at or above initial level on Dec. 7, 2021
|
| Initial level: | 3,621.63
|
| Barrier level: | 75% of initial level
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 3
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.175%
|
| Cusip: | 40057ENB9
|
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