Chicago, May 11 – GS Finance Corp. priced $1.16 million of autocallable contingent coupon equity-linked notes due Oct. 19, 2022 linked to the common stock of Spotify Technology SA, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent quarterly coupon at an annual rate of 15.3% if the stock closes at or above the 75% downside threshold on the related determination date. Previously unpaid coupons will also be paid.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial price on any quarterly determination date.
The payout at maturity will be par plus any final coupon due unless the stock finishes below its 75% downside threshold, in which case investors will lose 1% for each 1% share price decline.
Goldman Sachs & Co. is the agent. JPMorgan is the placement agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon equity-linked notes
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| Underlying stock: | Spotify Technology S.A.
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| Amount: | $1,162,000
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| Maturity: | Oct. 19, 2022
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| Coupon: | 15.3% annual rate, payable quarterly if stock closes at or above downside threshold level on determination date for that period; previously unpaid coupons will also be paid
|
| Price: | Par
|
| Payout at maturity: | If stock finishes at or above downside threshold, par plus any final coupon; otherwise, full exposure to share price decline
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| Call: | At par plus contingent coupon if stock closes at or above initial price on any quarterly determination date
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| Initial share price: | $229.33
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| Downside threshold: | 75% of initial level
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| Pricing date: | Oct. 1, 2021
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| Settlement date: | Oct. 6, 2021
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| Agent: | Goldman Sachs & Co.
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| Dealer: | JPMorgan
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| Fees: | 1%
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| Cusip: | 40057JRG3
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