Chicago, June 1 – GS Finance Corp. priced $750,000 of callable contingent coupon equity-linked notes due Nov. 15, 2022 linked to the stock of SolarEdge Technologies, 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 9.5% if the stock closes above its 50% coupon trigger price on the related observation date.
The notes are callable at par plus any contingent coupon otherwise due on any quarterly call coupon payment date after six months
If the notes are not called, the payout at maturity will be par unless the shares finish below the 50% trigger barrier level, in which case investors will be fully exposed to the 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: | SolarEdge Technologies, Inc.
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| Amount: | $750,000
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| Maturity: | Nov. 15, 2022
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| Coupon: | 9.5% annual rate, payable quarterly if stock finishes above coupon trigger price on related observation date
|
| Price: | Par
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| Payout at maturity: | Par plus final coupon unless shares finish below trigger barrier level, in which case investors will be fully exposed to decline
|
| Call option: | At par plus any coupon due on any quarterly call valuation date after six months
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| Initial share price: | $351.14
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| Coupon trigger price: | 50% of initial share price
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| Trigger barrier level: | 50% of initial share price
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| Pricing date: | Nov. 10, 2021
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| Settlement date: | Nov. 16, 2021
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 40057K5F6
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