By Wendy Van Sickle
Columbus, Ohio, April 21 – GS Finance Corp. priced $1.26 million of 0% autocallable index-linked notes due April 8, 2024 tied to the lesser performing of the Russell 2000 index and the S&P 500 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 automatically called at par plus 10% per year if both indexes close at or above their initial levels on March 31, 2022 or March 31, 2023.
The payout at maturity will be par plus 30% if the laggard index finishes at or above its initial level. The payout will be par if the least performing index falls by up to 40%.
Otherwise, investors will lose 1% for every 1% that the least performing index declines if it falls by more than 40%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Russell 2000 index, S&P 500 index
|
| Amount: | $1.26 million
|
| Maturity: | April 8, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | Automatically at par plus 10% per year if both indexes close at or above initial levels on March 31, 2022 or March 31, 2023
|
| Payout at maturity: | Par plus 30% if each finishes at or above initial level; par if least performing index falls by up to 40%; 1% loss for every 1% decline of least performing index if it falls beyond 40%
|
| Initial levels: | 3,972.89 for S&P, 2,220.519 for Russell
|
| Pricing date: | March 31
|
| Settlement date: | April 5
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.86%
|
| Cusip: | 40057FKZ6
|
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