By Kiku Steinfeld
Chicago, March 8 – GS Finance Corp. priced $741,000 of 0% autocallable notes due March 10, 2031 linked to the GS Momentum Builder Multi-Asset 5S ER index, 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 an annual call premium of 5% if the index closes at or above its call level on any annual review date.
The call level will be 102.5% of the initial level for the Feb. 23, 2022 review date, stepping up by 250 basis points on each subsequent call review date up to 122.5% of the initial level on the Feb. 25, 2030 final review date.
The payout at maturity will be par plus any index gain. If the index finishes flat or falls, the payout will be par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable notes
|
| Underlying index: | GS Momentum Builder Multi-Asset 5S ER index
|
| Amount: | $741,000
|
| Maturity: | March 10, 2031
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; otherwise, par
|
| Call: | At par plus an annual call premium of 5% if the index closes at or above its call level on any annual review date
|
| Initial index level: | 111.90
|
| Call level: | 102.5% of initial level for Feb. 23, 2022 review date, stepping up by 250 bps on each subsequent call review date up to 122.5% of initial level on the Feb. 25, 2030 final review date
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 26
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.45%
|
| Cusip: | 40057FF41
|
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