By Kiku Steinfeld
Chicago, Aug. 3 – GS Finance Corp. priced $1.15 million of autocallable contingent coupon equity-linked securities due July 14, 2023 linked to the common stock of DraftKings 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 monthly coupon at an annualized rate of 30% if the stock closes at or above the coupon barrier price, 70% of the initial price, on the valuation date for that period.
The notes will be automatically called at par if the stock close at or above the initial share price on any quarterly valuation date after six months.
The payout at maturity will be par unless the stock finishes below its initial level and ever closes below its 60% final barrier price, in which case investors will be fully exposed to the decline of the stock price.
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 contingent coupon equity-linked securities
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| Underlying stocks: | DraftKings Inc.
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| Amount: | $1,150,000
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| Maturity: | July 14, 2023
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| Coupon: | 30% annually, payable monthly, if 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 unless stock finishes below its initial level and ever closes below its 60% final barrier, in which case investors will be fully exposed to the decline of the stock price
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| Call: | Automatically at par if stock closes at or above initial level on any quarterly valuation date after six months
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| Initial share price: | $27.24
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| Coupon barrier level: | 70% of initial level
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| Final barrier level: | 60% of initial level
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| Pricing date: | Jan. 7, 2022
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| Settlement date: | Jan. 12, 2022
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.75%
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| Cusip: | 40057KRZ8
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