By Kiku Steinfeld
Chicago, April 22 – GS Finance Corp. priced $835,000 of 0% autocallable ETF-linked notes due April 6, 2023 tied to the iShares MSCI Emerging Markets 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 automatically called at par plus 10% if the ETF closes at or above its initial level on April 19, 2022.
If the ETF finishes at or above its initial level, the payout will be two times the return.
If the ETF falls by up to 20%, the payout will be par.
If the ETF falls by more than 20%, investors will be fully exposed to the ETF’s decline.
Goldman Sachs & Co. LLC is the underwriter with J.P. Morgan Securities LLC acting as the placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable ETF-linked notes
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| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $835,000
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| Maturity: | April 6, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the ETF finishes at or above its initial level, par plus double the return; if the ETF falls by up to 20%, par; if the ETF falls by more than 20%, investors will be fully exposed to the decline of the ETF
|
| Call: | At par plus 10% if the ETF closes at or above its initial level on April 19, 2022
|
| Initial levels: | $53.86
|
| Barrier levels: | 80% of initial levels
|
| Pricing date: | April 1
|
| Settlement date: | April 6
|
| Underwriter: | Goldman Sachs & Co. LLC with J.P. Morgan Securities LLC as placement agent
|
| Fees: | 1.5%
|
| Cusip: | 40057FWZ3
|
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