By William Gullotti
Buffalo, N.Y., April 4 – GS Finance Corp. priced $1.68 million of callable contingent coupon equity-linked notes due May 4, 2023 linked to the common stock of Citigroup Inc., according to a 424B2 filing with the Notes and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent quarterly coupon at an annualized rate of 10.25% if the stock closes at or above the coupon barrier price, 75% of the initial price, on the valuation date for that period.
The notes may be called at par at the option of the issuer on any quarterly payment date.
If the notes are not called and the final share price is greater than or equal to the 75% final barrier price, the payout at maturity will be par plus final coupon.
Otherwise, investors will be fully exposed to the decline of the stock price.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon equity-linked notes
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| Underlying stock: | Citigroup Inc.
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| Amount: | $1,681,000
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| Maturity: | May 4, 2023
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| Coupon: | 10.25% annual rate, payable quarterly if stock closes at or above coupon barrier price on valuation date for that period
|
| Price: | Par
|
| Payout at maturity: | If notes are not called and final share price is greater than or equal to final barrier price, par plus final coupon; otherwise, full exposure to decline in the stock
|
| Call option: | At par at the option of the issuer on any quarterly payment date
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| Initial share price: | $71.24
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| Coupon barrier price: | 75% of initial level
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| Trigger buffer price: | 75% of initial level
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| Pricing date: | April 30, 2021
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| Settlement date: | May 5, 2021
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1%
|
| Cusip: | 40057HAG5
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