By Kiku Steinfeld
Chicago, July 18 – GS Finance Corp. priced $438,000 of 0% autocallable index-linked notes due Jan. 5, 2027 tied to the S&P 500 index and the Russell 2000 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on any annual call observation date, the notes will be called at par plus a premium based on an annualized 7% rate.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 35%.
If the worst performer declines but finishes at or above 70% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to the losses of the worst performer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable index-linked notes
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Underlying indexes: | S&P 500 index and Russell 2000 Value index
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Amount: | $438,000
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Maturity: | Jan. 5, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 35% if both indexes finish at or above initial levels; par if worst performer declines but finishes above at or above trigger buffer level; otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level
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Call: | Automatically at par plus 7% annualized rate if all indexes finish above initial levels on any annual call observation date
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Initial index levels: | 4,786.35 for S&P, 2,490.968 for Russell
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Trigger buffer levels: | 70% of initial levels
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Pricing date: | Dec. 28, 2021
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Settlement date: | Dec. 31, 2021
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 4.08%
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Cusip: | 40057KBK8
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