Chicago, May 20 – GS Finance Corp. priced $1.94 million of autocallable contingent coupon equity-linked notes due Nov. 1, 2023 linked to the stocks of DocuSign, Inc., Applied Materials, Inc. and SAP SE, 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 annual rate of 8.2% if each stock closes above its coupon barrier price, 55% of its initial price, on the corresponding observation date.
The notes will be automatically called at par plus coupon if each stock closes at or above its call price on any monthly call observation date after three months. The call price starts at 95% and then declines by 2.5% each month.
If the notes are not called and the final share price of each stock is greater than or equal to the 55% final barrier, the payout at maturity will be par plus the final coupon. Otherwise, investors will be fully exposed to the decline of the share price of the least performing stock from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying stocks: | DocuSign, Inc., Applied Materials, Inc. and SAP SE
|
| Amount: | $1,935,000
|
| Maturity: | Nov. 1, 2023
|
| Coupon: | 8.2 % annual rate; payable monthly if closing price of each stock is greater than or equal to coupon barrier on the corresponding observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon if each stock finishes at or above 55% of its initial share price; otherwise, full exposure to decline of least performing stock from initial share price
|
| Call: | At par plus coupon if closing share price of least performing stock is greater than or equal to its call price on any monthly observation date after three months; call price starts at 95% and declines 2.5% each month
|
| Initial share prices: | $277.96 for DocuSign, $132.16 for Applied Materials, $144.88 for SAP
|
| Coupon barrier prices: | 55% of initial levels
|
| Final barrier prices: | 55% of initial levels
|
| Pricing date: | Oct. 28, 2021
|
| Settlement date: | Nov. 2, 2021
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.5%
|
| Cusip: | 40057JYQ3
|
|
|
|
|
© 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.
