New Issue: GS Finance sells $1.49 million autocallable index-linked notes on S&P 500

By William Gullotti

Buffalo, N.Y., Feb. 24 – GS Finance Corp. priced $1.49 million of 0% autocallable index-linked notes due April 27, 2023 tied 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 $1,080 per $1,000 of notes if the index closes at or above its initial level on May 5, 2022.

If the notes are not called, the payout at maturity will be par plus 1.3 times the index return if the index finishes at or above its initial level.

If the index return is negative but not less than negative 20%, the payout will be par; otherwise, investors will be fully exposed to the losses 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
Amount:	$1,493,000
Maturity:	April 27, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above its initial level, par plus 1.3 times the index return; if the index return is negative but not less than negative 20%, par; otherwise, full exposure to the losses of the index
Call:	At $1,080 per $1,000 of notes if index closes at or above initial level on May 5, 2022
Initial level:	4,180.17
Barrier level:	80% of initial level
Pricing date:	April 23, 2021
Settlement date:	April 28, 2021
Placement agent:	Goldman Sachs & Co. LLC
Fees:	1.5%
Cusip:	40057H2S8

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