Chicago, May 31 – GS Finance Corp. priced $1.28 million of 0% autocallable trigger Performance Leveraged Upside Securities due Nov. 16, 2023 linked to the S&P 500 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 called at par plus a premium of 6.5% if the index closes at or above the initial index level on the interim valuation date of Nov. 21, 2022.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus 125% of the gain.
If the index falls but finishes at or above the 80% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Goldman Sachs & Co. LLC is the underwriter with Morgan Stanley Wealth Management handling distribution.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable trigger Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $1,281,390
|
| Maturity: | Nov. 16, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes above initial level, par plus 125% of gain; if index falls by up to trigger level, par; otherwise, investors will be fully exposed to any losses
|
| Call: | At par plus 6.5% if index closes at or above initial index level on Nov. 21, 2022
|
| Initial level: | 4,682.85
|
| Trigger level: | 3,746.28, 80% of initial level
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| Pricing date: | Nov. 12, 2021
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| Settlement date: | Nov. 17, 2021
|
| Agent: | Goldman Sachs & Co. LLC with distribution through Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 36261U671
|
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