By Kiku Steinfeld
Chicago, June 21 – GS Finance Corp. priced $1.2 million of 0% autocallable buffered index-linked notes due May 24, 2023 linked to the Russell 2000 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 8.87% if the index closes at or above the initial index level on March 16, 2022.
If the notes are not called and the index return is positive, the payout at maturity will be par plus 1.25 times the index return. Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% loss beyond 10%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor | Goldman Sachs Group, Inc.
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| Issue: | Autocallable buffered index-linked notes
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| Underlying index: | Russell 2000 index
|
| Amount: | $1.2 million
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| Maturity: | May 24, 2023
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If the notes are not called and the index return is positive, par plus 1.25 times the index return; par if the index falls by up to 10%; 1.1111% loss for each 1% loss beyond 10%
|
| Call: | Automatically at par plus 8.87% of par if the index closes at or above the initial index level on March 16, 2022
|
| Initial level: | 2,215.268
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| Buffer level: | 90% of initial level
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| Pricing date: | May 21
|
| Settlement date: | May 28
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.5%
|
| Cusip: | 40057HDW7
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