By Kiku Steinfeld
Chicago, July 15 – GS Finance Corp. priced $5.08 million of 0% autocallable index-linked notes due June 10, 2031 linked to the GS Momentum Builder Multi-Asset 5S ER 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 called at par plus an annual call premium of 5% if the index closes at or above its call level on any annual review date. The call level will be 102% of the initial level for the May 25, 2022 review date, stepping up by 200 basis points on each subsequent call review date up to 118% of the initial level on May 28, 2030.
The payout at maturity will be par plus any index gain. If the index falls, the payout will be par.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable index-linked notes
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Underlying index: | GS Momentum Builder Multi-Asset 5S ER index
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Amount: | $5.08 million
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Maturity: | June 10, 2031
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; otherwise, par
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Call: | At par plus an annual call premium of 5% if the index closes at or above its call level on any annual review date
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Initial index level: | 112.29
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Call level: | 102% of the initial level for the May 25, 2022 review date, stepping up by 200 bps on each subsequent call review date up to 118% of the initial level on May 28, 2030
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Pricing date: | May 25
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Settlement date: | May 28
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.5%
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Cusip: | 40057H6S4
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