By Wendy Van Sickle
Columbus, Ohio, Feb. 19 – GS Finance Corp. priced $3.2 million of 0% autocallable ETF-linked notes due Aug. 10, 2023 linked to the iShares Global Clean Energy ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus 20% if the ETF closes at or above its initial level on Feb. 17, 2022.
The payout at maturity will be par plus 2.15 times any gain of the ETF. If the ETF falls or finishes flat, the payout will be par unless the ETF finishes below the 60% trigger level, in which case investors will lose 1% for every 1% decline of the ETF.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable ETF-linked notes
|
| Underlying ETF: | iShares Global Clean Energy ETF
|
| Amount: | $3,195,000
|
| Maturity: | Aug. 10, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.15 times ETF return, if ETF gains; par if ETF falls by up to 40%; otherwise, 1% for every 1% decline of the ETF
|
| Call: | At par plus 20% if ETF closes at or above its initial level on Feb. 17, 2022
|
| Initial level: | $31.18
|
| Trigger level: | 60% of initial level
|
| Pricing date: | Feb. 5
|
| Settlement date: | Feb. 10
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.175%
|
| Cusip: | 40057F6R0
|
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