Chicago, May 31 – GS Finance Corp. priced $783,000 of 0% autocallable index-linked notes due Nov. 16, 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 par plus an 8.25% call premium if the index closes at or above its initial level on Nov. 25, 2022.
If the notes are not called and the index finishes positive, the payout at maturity will be par plus 200% of the index return.
If the index declines but finishes above 85% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC is the agent. JPMorgan was the placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
|
| Underlying index: | S&P 500 index
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| Amount: | $783,000
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| Maturity: | Nov. 16, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus 200% of the index return; par if index declines but finishes above barrier level; otherwise, full exposure to losses of index
|
| Call: | At par plus an 8.25% call premium if index closes at or above initial level on Nov. 25, 2022
|
| Initial level: | 4,682.85
|
| Barrier level: | 85% of initial level
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| Pricing date: | Nov. 12, 2021
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| Settlement date: | Nov. 17, 2021
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| Agent: | Goldman Sachs & Co. LLC
|
| Placement agent: | JPMorgan
|
| Fees: | 1.5%
|
| Cusip: | 40057K4T7
|
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