By Kiku Steinfeld
Chicago, May 25 – GS Finance Corp. priced $829,000 of autocallable contingent coupon ETF-linked notes due Jan. 30, 2023 linked to the worst performing of the VanEck Vectors Junior Gold Miners ETF and the VanEck Vectors Gold Miners ETF, 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 of 7.4% per annum if each fund closes at or above its 70% coupon trigger level on the observation date for that month.
The notes will be called at par if each fund closes at or above its initial level on any monthly observation date after six months.
The payout at maturity will be par unless any fund closes below 70% of its initial level, in which case investors will be fully exposed to the decline of the least performing fund beyond 30%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon ETF-linked notes
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| Underlying ETFs: | VanEck Vectors Junior Gold Miners ETF and VanEck Vectors Gold Miners ETF
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| Amount: | $829,000
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| Maturity: | Jan. 30, 2023
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| Contingent coupon: | 7.4% annualized, payable monthly if each fund closes at or above 70% coupon trigger level on the observation date for that month
|
| Price: | Par
|
| Payout at maturity: | Par unless any fund closes below 70% of its initial level, in which case investors will be fully exposed to the decline of the least performing fund beyond 30%
|
| Call: | Automatically at par if each fund closes at or above initial level on any monthly observation date after six months
|
| Initial fund levels: | $32.22 for Gold, $43.07 for Junior Gold
|
| Trigger/buffer levels: | 70% of initial levels
|
| Agent: | Goldman Sachs & Co. LLC
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| Pricing date: | Oct. 18, 2021
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| Settlement date: | Oct. 21, 2021
|
| Fees: | 2.25%
|
| Cusip: | 40057JSQ0
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