Chicago, June 29 – GS Finance Corp. priced $1.57 million of autocallable contingent coupon index-linked notes due Jan. 24, 2023 tied to the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
A monthly contingent coupon at an annual rate of 7.65% will be paid if each index closes above 75% of its initial level on the related coupon observation date.
The notes will be called automatically at par if both indexes close above their initial levels on any monthly call observation date starting after six months.
If the notes are not called and each index finishes at or above its initial level, the payout will be par.
Alternatively, investors will receive par if neither index has ever closed below its 75% trigger buffer level.
Otherwise, investors will be exposed to the decline of the worst performing index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon index-linked notes
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| Underlying indexes: | S&P 500 index, Nasdaq-100 index
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| Amount: | $1,569,000
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| Maturity: | Jan. 24, 2023
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| Coupon: | 7.65% annual rate, payable monthly if each index closes above coupon barrier on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par if both indexes finish above initial levels or if neither index closes below trigger buffer level during life of notes; otherwise, investors will be exposed to the decline of the worst performing index from its initial level
|
| Call: | Automatically at par if both indexes close above initial levels on any monthly call observation date after six months
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| Initial index levels: | 4,620.64 for S&P, 15,801.46 for Nasdaq
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| Trigger buffer levels: | 75% of initial levels
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| Pricing date: | Dec. 17, 2021
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| Settlement date: | Dec. 22, 2021
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.15%
|
| Cusip: | 40057KFX6
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