By Kiku Steinfeld
Chicago, June 15 – GS Finance Corp. priced $1 million of 0% autocallable underlier-linked notes due Dec. 2, 2025 linked to the Russell 2000 Value index and the iShares Russell 2000 Value ETF, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus a 10% call premium if the lesser-performing underlier closes at or above its initial level on any annual observation date.
If the lesser-performing underlier finishes at or above its initial level, the payout at maturity will be par plus 40%.
If the worst performer falls by up to 20%, the payout will be par. Otherwise, investors will be exposed to the worst performer’s decline from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable underlier-linked notes
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Underlying assets: | Russell 2000 Value index, iShares Russell 2000 Value ETF
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Amount: | $1 million
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Maturity: | Dec. 2, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the lesser-performing asset finishes at or above initial level, par plus 40%; if the worst performer declines by up to 20%, par; otherwise, exposure to worst performer’s decline from its initial level
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Call: | Automatically at par plus 10% call premium if lesser-performing underlier closes at or above initial level on any annual observation date
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Initial levels: | 1,477.95 for index, $164.79 for fund
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Trigger buffer levels: | 80% of initial levels
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Pricing date: | Nov. 26, 2021
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Settlement date: | Dec. 1, 2021
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.35%
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Cusip: | 40057K5D1
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