Chicago, May 16 – GS Finance Corp. priced $925,000 of autocallable contingent coupon equity-linked notes due April 17, 2023 linked to the common stock of Tesla, Inc., 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 quarterly coupon at an annual rate of 16% if the stock closes at or above the 70% coupon barrier level on the related determination date.
The notes will be called at par of plus the contingent coupon if the stock closes at or above its initial price on any quarterly determination date after six months.
The payout at maturity will be par plus any final coupon unless the stock finishes below its 55% downside threshold, in which case investors will lose 1% for each 1% share price decline.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon equity-linked notes
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| Underlying stock: | Tesla, Inc.
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| Amount: | $925,000
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| Maturity: | April 17, 2023
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| Coupon: | 16% annual rate, payable quarterly if stock closes at or above coupon barrier level on determination date for that period
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above downside threshold, par plus final coupon; otherwise, full exposure to share price decline
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| Call: | At par plus contingent coupon if stock closes at or above initial price on any quarterly determination date after six months
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| Initial share price: | $785.49
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| Coupon barrier level: | 70% of initial level
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| Downside threshold: | 55% of initial price
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| Pricing date: | Oct. 8, 2021
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| Settlement date: | Oct. 14, 2021
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| Agent: | Goldman Sachs & Co.
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| Fees: | 0.35%
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| Cusip: | 40057JQY5
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