By Wendy Van Sickle
Columbus, Ohio, April 21 – GS Finance Corp. priced $981,000 of 0% autocallable index-linked notes due Oct. 7, 2022 tied to the least 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 an annualized premium of 12.5% if each index closes above its initial level on March 31, 2022.
The payout at maturity will be par plus any gain of the laggard index. The payout will be par if the least performing index falls by up to 10%.
Otherwise, investors will lose 1% for every 1% that the least performing index declines beyond 10%.
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 index
|
| Amount: | $981,000
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| Maturity: | Oct. 7, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 12.5% annualized premium if both indexes close above initial level on March 31, 2022
|
| Payout at maturity: | Par plus return of lesser performing index if each finishes at or above initial level; par if least performing index falls by up to 10%; 1% loss for every 1% decline of least performing index beyond 10%
|
| Initial levels: | 3,972.89 for S&P, 2,220.519 for Russell
|
| Buffer levels: | 90% of initial levels
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| Pricing date: | March 31
|
| Settlement date: | April 5
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.35%
|
| Cusip: | 40057FWQ3
|
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