Chicago, May 31 – GS Finance Corp. priced $1.32 million of autocallable contingent coupon equity-linked notes due Dec. 19, 2022 linked to the common stock of Advanced Micro Devices, 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 monthly payment at an annualized rate of 10.8% if the shares close at or above the 66% threshold level on the observation date for that month.
The notes will be automatically called at par plus the contingent coupon if the stock closes at or above the initial price on any monthly determination date after six months.
The payout at maturity will be par plus the final coupon unless the shares finish below the 66% threshold level, in which case investors will be exposed to any declines.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon equity-linked notes
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| Underlying stock: | Advanced Micro Devices, Inc.
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| Amount: | $1,318,000
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| Maturity: | Dec. 19, 2022
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| Coupon: | 10.8%, payable monthly if stock closes at or above threshold level on valuation date for that month
|
| Price: | Par
|
| Payout at maturity: | If final share price is at least above threshold level, par plus contingent coupon; otherwise, full exposure to decline in share price
|
| Call: | Automatically at par plus contingent coupon if shares close at or above initial share price on any monthly determination date after six months
|
| Initial share price: | $147.89
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| Threshold level: | 66% of initial level
|
| Pricing date: | Nov. 12, 2021
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| Settlement date: | Nov. 17, 2021
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.15%
|
| Cusip: | 40057K4G5
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