By Wendy Van Sickle
Columbus, Ohio, Jan. 7 – GS Finance Corp. priced $200,000 of 0% autocallable index-linked notes due Jan. 3, 2024 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Beginning one year after issuance, if each index closes at or above its initial level on a semiannual call observation date, the notes will be automatically called at par plus a call premium of 5% per year.
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 return of the lower-performing index.
If either index falls by up to 15%, the payout will be par.
If either index falls by more than 15%, investors will be exposed to the losses of the lower-performing index beyond 15%.
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: | Russell 2000 index and S&P 500 index
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| Amount: | $200,000
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| Maturity: | Jan. 3, 2024
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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 return of worse performer; if either index falls by up to 15%, par; if either index falls by more than 15%, investors will be exposed to the losses of the lesser-performing index beyond 15%
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| Call: | Automatically at par plus 5% per year if each index closes at or above initial index level on any semiannual call observation date beginning Dec. 23, 2021
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| Initial index levels: | 2,007.104 for Russell and 3,690.01 for S&P
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| Pricing date: | Dec. 23
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| Settlement date: | Dec. 29
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.25%
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| Cusip: | 40057ES81
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