Chicago, May 31 – GS Finance Corp. priced $1.45 million of 0% autocallable underlier-linked notes due Nov. 19, 2025 linked to the Stoxx Europe 600 Banks index and the iShares MSCI Emerging Markets ETF, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus a 10% annualized call premium if the lesser-performing underlier closes at or above 90% of its initial level on any annual call observation date.
If the lesser-performing underlier finishes above 90% of its initial level, the payout at maturity will be par plus the 40% maturity date premium.
If the worst performer falls beyond the call level but above the 70% trigger buffer level, the payout will be par. Otherwise, investors will be exposed to the worst performer’s decline from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable underlier-linked notes
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| Underlying assets: | Stoxx Europe 600 Banks index and the iShares MSCI Emerging Markets ETF
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| Amount: | $1,446,000
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| Maturity: | Nov. 19, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performer finishes above 90% call level, par plus 40%; if the lesser-performing asset declines more than call level but finishes above trigger buffer level, par; otherwise, investors will be fully exposed to the worst performer’s decline from its initial level
|
| Call: | Automatically at par plus a 10% annualized call premium if lesser-performing underlier closes at or above 90% of its initial level on any annual call observation date
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| Initial levels: | 148.67 for index, $52 for ETF
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| Call levels: | 90% of initial levels
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| Trigger buffer levels: | 70% of initial levels
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| Pricing date: | Nov. 12, 2021
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| Settlement date: | Nov. 19, 2021
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 2%
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| Cusip: | 40057K3R2
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