By Kiku Steinfeld
Chicago, July 11 – GS Finance Corp. priced $281,000 of autocallable contingent coupon notes due Dec. 31, 2026 linked to the S&P 500 High Beta ETF and the Russell 2000 index, 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 monthly coupon of 6% per annum if each asset closes at or above its 85% coupon barrier level on the determination date for that month.
The notes will be called at par plus the contingent coupon if each asset closes at or above its initial level on any monthly determination date starting in December 2022.
The payout at maturity will be par unless any asset closes below its 85% trigger level, in which case investors will lose 1% for each 1% decline of the least-performing asset beyond 15%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
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| Underlying assets: | S&P 500 High Beta ETF and Russell 2000 index
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| Amount: | $281,000
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| Maturity: | Dec. 31, 2026
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| Contingent coupon: | 6% annualized, payable monthly if each component closes at or above 85% coupon barrier level on the determination date for that month
|
| Price: | Par
|
| Payout at maturity: | Par, unless any asset closes below its 85% trigger level, in which case 1% loss for each 1% decline of lesser-performing asset beyond 15%
|
| Call: | Automatically at par plus contingent coupon if each asset closes at or above initial level on any monthly determination date starting in December 2022
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| Initial levels: | $78.54 for ETF and 2,241.576 for Russell 2000
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| Coupon barriers: | 85% of initial levels
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| Trigger levels: | 85% of initial levels
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| Pricing date: | Dec. 23, 2021
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| Settlement date: | Dec. 28, 2021
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.75%
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| Cusip: | 40057KGM9
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