By Wendy Van Sickle
Columbus, Ohio, Nov. 23 – GS Finance Corp. priced $6 million of buffered autocallable notes due June 21, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above the initial level on Nov. 26, 2021, the notes will be redeemed at par plus a premium of 5.61%.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 2 times the index return.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond the buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered autocallable notes
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| Underlying index: | S&P 500 index
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| Amount: | $6 million
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| Maturity: | June 21, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above initial level, par plus 2 times index return; par if the index falls by up to buffer; 1.1111% loss for each 1% decline beyond the buffer
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| Call: | If the index closes at or above the initial level on Nov. 26, 2021, at par plus a premium of 5.61% per year
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| Initial level: | 3,609.53
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| Buffer level: | 90% of initial level
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| Pricing date: | Nov. 13
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| Settlement date: | Nov. 18
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 2.375%
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| Cusip: | 40057ENN3
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