By Kiku Steinfeld
Chicago, June 15 – GS Finance Corp. priced $600,000 of autocallable contingent coupon equity-linked securities due Nov. 29, 2023 linked to the worst performing of the stocks of Nordstrom, Inc. and Palantir Technologies 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 annual rate of 22% if each stock closes at or above its coupon barrier price, 60% of its initial share price, on the valuation date for that period.
The notes will be automatically called at par plus the coupon if each stock closes at or above its initial share price on any quarterly valuation date after six months.
If the notes are not called and each stock finishes at or above its final barrier price, 50% of its initial share price, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the worst performer from its initial share price.
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 contingent coupon equity-linked securities
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| Underlying stocks: | Nordstrom, Inc. and Palantir Technologies Inc.
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| Amount: | $600,000
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| Maturity: | Nov. 29, 2023
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| Coupon: | 22% annualized rate, payable quarterly if each stock closes at or above coupon barrier price on valuation date for that period
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| Price: | Par
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| Payout at maturity: | Par if each stock finishes at or above final barrier price; otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial share price
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| Call: | Automatically at par plus coupon if each stock closes at or above initial level on any quarterly valuation date after six months
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| Initial share prices: | $22.66 for Nordstrom, $21.11 for Palantir
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| Coupon barrier prices: | 60% of initial prices
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| Final barrier prices: | 50% of initial prices
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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: | 0.9%
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| Cusip: | 40057KDG5
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