Chicago, May 25 – GS Finance Corp. priced $1.23 million of callable contingent coupon equity-linked notes due Nov. 2, 2022 linked to the class A common stock of Meta Platforms, Inc., 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 annualized rate of 15.2% if the stock closes above its 85% coupon trigger price on the related observation date.
The notes are callable at par plus any contingent coupon otherwise due on any quarterly call coupon payment date.
If the notes are not called, the payout at maturity will be par unless the shares finish below the 85% trigger barrier level, in which case investors will be fully exposed to decline.
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the agents.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Callable contingent coupon equity-linked notes
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Underlying stock: | Meta Platforms, Inc.
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Amount: | $1,225,000
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Maturity: | Nov. 2, 2022
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Coupon: | 15.2% annual rate, payable quarterly if stock finishes above coupon trigger price on related observation date
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Price: | Par
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Payout at maturity: | Par plus final coupon unless shares finish below trigger barrier level, in which case investors will be fully exposed to decline
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Call option: | At par plus any coupon due on any quarterly call valuation date
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Initial share price: | $316.92
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Coupon trigger price: | 85% of initial share price
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Trigger barrier level: | 85% of initial share price
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Pricing date: | Oct. 28, 2021
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Settlement date: | Nov. 2, 2021
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Agents: | Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
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Fees: | 1.25%
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Cusip: | 40057JZE9
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