Chicago, May 26 – GS Finance Corp. priced $1.59 million of callable contingent coupon equity-linked notes due Nov. 2, 2023 linked to the shares of Citigroup Inc., 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 at an annualized rate of 9% if the stock closes above 75% of its initial level on a related coupon observation date.
The notes are callable at par plus any contingent coupon otherwise due on any quarterly call valuation date.
If the notes are not called, the payout at maturity will be par unless the shares finish below the 75% barrier level, in which case investors will be fully exposed to decline.
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: | Callable contingent coupon equity-linked notes
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Underlying stock: | Citigroup Inc.
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Amount: | $1,588,000
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Maturity: | Nov. 2, 2023
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Coupon: | 9% annual rate, payable quarterly if stock closes above coupon trigger price on related observation date
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Price: | Par
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Payout at maturity: | Par plus final coupon unless shares finish below barrier level, in which case investors will be fully exposed to decline
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Call: | At par plus any coupon due on any quarterly call valuation date
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Initial share price: | $69.16
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Coupon barrier price: | 75% of initial share price
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Barrier level: | 75% of initial share price
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Pricing date: | Oct. 29, 2021
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Settlement date: | Nov. 3, 2021
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.5%
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Cusip: | 40057JZA7
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