By Kiku Steinfeld
Chicago, June 1 – GS Finance Corp. priced $655,000 of 0% underlier-linked notes due Nov. 3, 2025 linked to the iShares MSCI EAFE Small-Cap ETF and the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus 2.25 times any gain of the lesser-performing index.
If the lesser-performing index falls by up to 30%, the payout will be par.
If either underlier falls by more than 30%, investors will lose 1% for every 1% decline of the lesser performing underlier.
Goldman, Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked notes
|
| Underlying assets: | iShares MSCI EAFE Small-Cap ETF and FTSE 100 index
|
| Amount: | $655,000
|
| Maturity: | Nov. 3, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.25 times any gain of lesser-performing underlie; par if lesser-performing underlier falls by up to 30%; full exposure to loss of lesser-performing underlier if it falls by more than 30%
|
| Initial levels: | 7,237.57 for index and $76.25 for ETF
|
| Barrier levels: | 70% of initial levels
|
| Pricing date: | Oct. 29, 2021
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| Settlement date: | Nov. 3, 2021
|
| Underwriter: | Goldman, Sachs & Co. LLC
|
| Fees: | 0.5%
|
| Cusip: | 40057JVD5
|
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