By Kiku Steinfeld
Chicago, July 18 – GS Finance Corp. priced $500,000 of 0% autocallable index-linked notes due Jan. 7, 2025 tied to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called 6.3% per year if index closes above at or initial level on either of two annual call dates.
If the notes are not called, the payout at maturity will be par plus 18.9% if the index finishes at or above its initial level. If the index falls but closes at or above its 80% trigger level, the payout with be par. Otherwise, investors will be fully exposed to the index’s decline from its initial level.
Otherwise, investors will be exposed to any losses.
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 index: | MSCI EAFE index
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| Amount: | $500,000
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| Maturity: | Jan. 7, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its initial level, par plus 18.9%; if index falls but closes at or above its 80% trigger level, par; otherwise, full exposure to losses
|
| Call: | At 6.3% per year if index closes at or above initial level on either of two annual call dates
|
| Initial level: | 2,338.07
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| Trigger level: | 80% of initial level
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| Pricing date: | Dec. 29, 2021
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| Settlement date: | Dec. 31, 2021
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.45%
|
| Cusip: | 40057KNS8
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