By Wendy Van Sickle
Columbus, Ohio, March 22 – GS Finance Corp. priced $1 million of 0% autocallable index-linked notes due Feb. 29, 2024 linked to the Russell 2000 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 10.3% per year if index closes at or above its initial level on March 4, 2022 or Feb. 27, 2023.
The payout at maturity will be par plus 30.9% if the index gains or finishes flat. If the index falls by up to 40%, the payout will be par. Otherwise, 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.
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| Issue: | Autocallable index-linked notes
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| Underlying index: | Russell 2000 index
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| Amount: | $1 million
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| Maturity: | Feb. 29, 2024
|
| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 30.9% if index return is flat or positive%; par if index falls by up to 40%; otherwise, 1% for every 1% decline of the index
|
| Call: | At par plus 10.3% a year if index closes at or above its initial level on March 4, 2022 or Feb. 27, 2023
|
| Initial level: | 2,201.501
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| Pricing date: | Feb. 26
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| Settlement date: | March 3
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.175%
|
| Cusip: | 40057FP65
|
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