Chicago, May 18 – GS Finance Corp. priced $1 million of 0% autocallable buffered basket-linked notes due Oct. 30. 2025 linked to the iShares Core S&P Small-Cap ETF with a 50% weight and the S&P MidCap 400 index with a 50% weight, 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 9% if the basket closes at or above the initial basket level on Oct. 30, 2025.
If the notes are not called and the basket return is positive, the payout at maturity will be par plus 1.3 times the basket return. Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for each 1% loss beyond 15%.
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 basket-linked notes
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| Underlying basket: | iShares Core S&P Small-Cap ETF (50% weight) and S&P MidCap 400 index (50% weight)
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| Amount: | $1 million
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| Maturity: | Oct. 30, 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 basket return is positive, par plus 1.3 times the basket return; par if the basket falls by up to 15%; 1.1765% loss for each 1% loss beyond 15%
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| Call: | Automatically at par plus 9% of par if the basket closes at or above the initial basket level on Oct. 30, 2025
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| Initial levels: | 2,809.72 for index, $114.36 for ETF
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| Buffer level: | 85% of initial level
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| Pricing date: | Oct. 25, 2021
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| Settlement date: | Oct. 28, 2021
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0%
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| Cusip: | 40057JVA1
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