By Sarah Lizee
Olympia, Wash., Dec. 10 – GS Finance Corp. priced $109,000 of 0% autocallable notes due Dec. 10, 2026 linked to the Motif Capital National Defense 7 ER 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 at par plus an annual call premium of 10% if the index closes at or above its call level on any annual review date.
The call level will be 105.8% of the initial level for the Nov. 26, 2021 review date, stepping up by 290 basis points on each subsequent call review date up to 117.4% of the initial level on the Nov. 25, 2025 final review date.
The payout at maturity will be par plus 125% of any index gain. If the index finishes flat or falls, the payout will be par.
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 notes
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Underlying index: | Motif Capital National Defense 7 ER index
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Amount: | $109,000
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Maturity: | Dec. 10, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 125% of any index gain; par if index finishes flat or falls
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Call: | At par plus an annual call premium of 10% if the index closes at or above its call level on any annual review date
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Initial index level: | 140.67
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Call level: | 105.8% of the initial level for the Nov. 26, 2021 review date, stepping up by 290 bps each subsequent call review date up to 117.4% of the initial level on the Nov. 25, 2025 final review date
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Pricing date: | Nov. 25
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Settlement date: | Nov. 29
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 4.9%
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Cusip: | 40056XNL6
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