Chicago, Feb. 27 – GS Finance Corp. priced $546,000 of contingent income autocallable securities due May 8, 2025 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 18.55% per year, paid quarterly, if the stock closes at or above its 60% coupon trigger price on the relevant observation date.
The securities will be called at par if the stock closes at or above its initial level on any quarterly valuation date starting after one year.
At maturity, the payout will be par unless the stock finishes below its 50% downside threshold level, in which case investors will be fully exposed to the decline of the stock.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Contingent income autocallable securities
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| Underlying stock: | Tesla, Inc.
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| Amount: | $546,000
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| Maturity: | May 8, 2025
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| Coupon: | 18.55% per year, paid quarterly if stock closes at or above coupon trigger price on the relevant determination date
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| Price: | Par
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| Payout at maturity: | Par unless the stock finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the stock
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| Call: | Automatically at par if the stock closes at or above its initial level on any quarterly valuation date starting after one year
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| Initial level: | $873.28
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| Coupon trigger price: | 60% of initial level
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| Downside threshold: | 50% of initial level
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| Pricing date: | May 5, 2022
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| Settlement date: | May 10, 2022
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 40057LW31
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