By Taylor Fox
New York, Dec. 30 – GS Finance Corp. priced $90,000 of 0% autocallable index-linked notes due Dec. 7, 2022 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on the call date of Nov. 30, 2021, the notes will be called at par plus 12%.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 1.25 times the return.
If the worst performer finishes above 90% of its initial level, the payout will be par.
If either index falls by more than 10%, investors will be exposed to any losses of the lesser-performing index beyond the 10% buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying indexes: | Russell 2000 index, S&P 500
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| Amount: | $90,000
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| Maturity: | Dec. 7, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and each index finishes at or above the its initial level, par plus 1.25 time the return; if worst performer finishes above 90% of initial level, par; if either index falls by more than 10%, investors will be exposed to any losses of the lesser-performing index beyond the 10% buffer
|
| Call: | If each index closes at or above initial level on Nov. 30, 2021, notes will be called at par plus 12%
|
| Initial index levels: | 1,819.816 for Russell and 3,621.63 for S&P
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| Trigger buffer levels: | 90% of initial levels
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| Pricing date: | Nov. 30
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| Settlement date: | Dec. 3
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.125%
|
| Cusip: | 40057ELP0
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