By Kiku Steinfeld
Chicago, Nov. 16 – GS Finance Corp. priced $3.73 million of 0% buffer autocallable gears due Nov. 1, 2022 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.
If the index finishes at or above its initial level on Oct. 28, 2021, the notes will be automatically called at par of $10 plus 5.6%.
If the notes are not called and the index finishes above its initial level, the payout at maturity will be par plus double the index gain.
Investors will receive par if the index declines by 10% or less and lose 1% for every 1% that the index declines beyond 10%.
Goldman Sachs & Co. LLC is the agent. UBS Financial Services Inc. is the selling agent.
| Issuer: | GS Finance Corp.
|
| Issue: | Buffer autocallable gears
|
| Underlying index: | S&P 500
|
| Amount: | $3,728,000
|
| Maturity: | Nov. 1, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus double any index gain; par if index declines by 10% or less; 1% loss for every 1% decline beyond 10%
|
| Call: | Automatically at par plus 5.6% if index finishes at or above initial level on Oct. 28, 2021
|
| Initial index level: | 3,390.68
|
| Buffer level: | 3,051.61 or 90% of initial level
|
| Pricing date: | Oct. 27
|
| Settlement date: | Oct. 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Selling agent: | UBS Financial Services Inc.
|
| Fees: | 2.175%
|
| Cusip: | 36259Q203
|
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