New Issue: GS Finance sells $527,000 autocallable notes linked to four stocks

By Taylor Fox

New York, Dec. 30 – GS Finance Corp. priced $527,000 autocallable equity-linked notes due Dec. 5, 2024 linked to the least performing of the shares of Shopify Inc., the Trade Desk, Inc., Amazon.com, Inc. and Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically redeemed at par plus an annual 40% premium if the worst-performing stock closes at or above 90% of its closing price on any semiannual observation date beginning Nov. 30, 2021.

If the notes are not called and the final price each stock is at least 90% of its initial price, the payout at maturity will be par plus 160%. If the final price of each stock is greater than the 50% trigger buffer price, but the final price of any stock is less than 90%, the payout will be par. Otherwise, investors will be exposed to the decline of the worst performing stock.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter with JPMorgan as placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable equity-linked notes
Underlying stocks:	Shopify Inc., the Trade Desk, Inc., Amazon.com, Inc. and Nvidia Corp.
Amount:	$527,000
Maturity:	Dec. 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each stock finishes at or above 90% of initial price, par plus 160%; if the final price of each stock is greater than the 50% trigger buffer price, but the final price of any stock is less than 90% of initial price, the payout will be par; otherwise, 1% loss for every 1% that least-performing stock’s final level is below initial level
Call:	At par plus 40% annual premium if each stock closes at or above 90% of its closing level on any semiannual observation date beginning Nov. 30, 2021
Initial levels:	$1,090.38 for Shopify, $901.07 for Trade Desk, $3,168.04 for Amazon and $536.06 for Nvidia
Downside thresholds:	90% of initial levels
Pricing date:	Nov. 30
Settlement date:	Dec. 3
Underwriter:	Goldman Sachs & Co. LLC
Placement agent:	JPMorgan
Fees:	1.55%
Cusip:	40057ESV0

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