By Taylor Fox
New York, Feb. 22 – GS Finance Corp. priced $1.83 million of autocallable contingent coupon ETF-linked notes due Aug. 3, 2022 linked to the iShares Global Clean Energy ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent quarterly coupon of 11% per annum if the fund closes at or above its 60% coupon trigger level on the observation date for that quarter.
The notes will be called at par if the fund closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par unless the fund closes below 60% of its initial level, in which case investors will be fully exposed to the decline of the fund from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon ETF-linked notes
|
| Underlying ETF: | iShares Global Clean Energy ETF
|
| Amount: | $1,827,000
|
| Maturity: | Aug. 3, 2022
|
| Contingent coupon: | 11% annualized, payable quarterly if the fund closes at or above 60% coupon trigger level on the observation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless the fund closes below 60% of its initial level, in which case investors will be fully exposed to the decline of the fund from its initial level
|
| Call: | Automatically at par if the fund closes at or above initial level on any quarterly observation date
|
| Initial fund levels: | $30.14
|
| Coupon trigger level: | 60% of initial level
|
| Barrier level: | 60% of initial level
|
| Agent: | Goldman Sachs & Co. LLC
|
| Pricing date: | Jan. 27
|
| Settlement date: | Jan. 29
|
| Fees: | 2.525%
|
| Cusip: | 40057F6P4
|
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