Chicago, May 27 – GS Finance Corp. priced $247,000 of autocallable contingent coupon equity-linked notes due Dec. 12, 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 monthly coupon at an annual rate of 9.8% if the stock closes at or above the 70% downside threshold on the related determination date.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial price on any monthly determination date after six months.
The payout at maturity will be par plus any final coupon due unless the stock finishes below its 70% 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 SA
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| Amount: | $247,000
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| Maturity: | Dec. 12, 2022
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| Coupon: | 9.8% annual rate, payable monthly if stock closes at or above downside threshold level on determination date for that period
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| Price: | Par
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| 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 monthly determination date after six months
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| Initial share price: | $289.05
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| Downside threshold: | 70% of initial level
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| Pricing date: | Nov. 5, 2021
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| Settlement date: | Nov. 10, 2021
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| Agent: | Goldman Sachs & Co.
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| Dealer: | JPMorgan
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| Fees: | 2.15%
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| Cusip: | 40057K2N2
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