By Kiku Steinfeld
Chicago, May 31 – GS Finance Corp. priced $500,000 of callable contingent coupon equity-linked notes due Nov. 2, 2023 linked to the class A common stock of Zillow Group, 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% if the stock closes above its 61.95% 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 61.95% trigger barrier level, in which case investors will be fully exposed to the decline.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon equity-linked notes
|
| Underlying stock: | Zillow Group, Inc.
|
| Amount: | $500,000
|
| Maturity: | Nov. 2, 2023
|
| Coupon: | 15% annual rate, payable quarterly if stock finishes above coupon trigger price on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon unless shares finish below trigger barrier level, in which case investors will be fully exposed to decline
|
| Call option: | At par plus any coupon due on any quarterly call valuation date
|
| Initial share price: | $105.72
|
| Coupon trigger price: | 61.95% of initial share price
|
| Trigger barrier level: | 61.95% of initial share price
|
| Pricing date: | Oct. 29, 2021
|
| Settlement date: | Nov. 3, 2021
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 40057JUZ7
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
