By Wendy Van Sickle
Columbus, Ohio, March 15 – GS Finance Corp. priced $16.23 million of 0% autocallable index-linked notes due March 13, 2024 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.
The notes will be called at par plus 7.9% per year if index closes at or above its initial level on March 18, 2022.
The payout at maturity will be par plus two times any index gain. If the index falls, investors will lose 1% for every 1% decline of the index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $16,231,000
|
| Maturity: | March 13, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus two times any index gain; 1% for every 1% decline of the index
|
| Call: | At par plus 7.9% if index closes at or above its initial level on March 18, 2022
|
| Initial level: | 3,898.81
|
| Pricing date: | March 10
|
| Settlement date: | March 17
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.725%
|
| Cusip: | 40057FQE7
|
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