By Kiku Steinfeld
Chicago, Aug. 3 – GS Finance Corp. priced $580,000 of autocallable contingent coupon equity-linked securities due Feb. 14, 2023 linked to the common stock of Microsoft Corp., 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 8% if the stock closes at or above the coupon barrier price, 73% 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 monthly valuation date after six months.
The payout at maturity will be par unless the stock closes below its 73% 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.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying stocks: | Microsoft Corp.
|
| Amount: | $580,000
|
| Maturity: | Feb. 14, 2023
|
| Coupon: | 8% annually, payable monthly, if stock closes at or above coupon barrier price on valuation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless stock closes below its 73% final barrier, in which case investors will be fully exposed to the decline of the stock price
|
| Call: | Automatically at par if stock closes at or above initial level on any monthly valuation date after six months
|
| Initial share price: | $314.04
|
| Coupon barrier level: | 73% of initial level
|
| Final barrier level: | 73% of initial level
|
| Pricing date: | Jan. 7, 2022
|
| Settlement date: | Jan. 12, 2022
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.65%
|
| Cusip: | 40057KPD9
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
