Chicago, Aug. 17 – GS Finance Corp. priced $1.2 million of autocallable equity-linked securities due Dec. 26, 2024 tied to the stocks of Bank of America Corp., Citigroup Inc. and U.S. Bancorp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically redeemed at par plus a 30% annualized call premium if the all stocks close at or above 102.5% of their initial prices on any quarterly observation date.
The maturity date premium amount is 90%.
If the notes are not called and the final price of the worst performer is above its initial level but below the 102.5% call level, investors will receive par. Otherwise, investors will be fully exposed to the losses of the worst performer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable equity-linked securities
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| Underlying stocks: | Bank of America Corp., Citigroup Inc. and U.S. Bancorp
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| Amount: | $1,200,000
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| Maturity: | Dec. 26, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 90% if all stocks close above 102.5% call level; par if worst performer is below call level but above initial level; otherwise, full exposure to losses of worst performer
|
| Call: | Automatically at par plus a 30% annualized call premium if all stocks close above 102.5% of their initial levels on any quarterly evaluation date
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| Initial prices: | $54.87 for U.S. Bancorp, $58.28 for Citi, $43.16 for BofA
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| Call levels: | 102.5% of initial levels
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| Pricing date: | Dec. 21, 2021
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| Settlement date: | Dec. 27, 2021
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 40057KKJ1
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