By Kiku Steinfeld
Chicago, Nov. 21 – GS Finance Corp. priced $1.25 million of 0% autocallable buffered ETF-linked notes due March 21, 2025 linked to the iShares Core S&P Small-Cap ETF, 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 called at par plus 10.8% if the fund closes at or above the initial level on March 21, 2023.
If the notes are not called and the fund return is positive, the payout at maturity will be par plus 1.25 times the fund return. Investors will receive par if the fund falls by up to 30% and will lose 1.4286% for each 1% loss beyond 30%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor | Goldman Sachs Group, Inc.
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| Issue: | Autocallable buffered ETF-linked notes
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| Underlying fund: | iShares Core S&P Small-Cap ETF
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| Amount: | $1.25 million
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| Maturity: | March 21, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and the fund return is positive, par plus 1.25 times the fund return; par if the fund falls by up to 30%; 1.4286% loss for each 1% loss beyond 30%
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| Call: | Automatically at par plus 10.8% of par if the fund closes at or above the initial fund level on March 21, 2023
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| Initial level: | $109.60
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| Buffer level: | 70% of initial level
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| Pricing date: | March 18, 2022
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| Settlement date: | March 23, 2022
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | None
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| Cusip: | 40057LJB8
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