By Kiku Steinfeld
Chicago, Oct. 18 – GS Finance Corp. priced $1.11 million of autocallable contingent coupon notes due Feb. 25, 2025 linked to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each month, the notes pay a contingent coupon at a rate of 6.6% per year if each index closes at or above 70% of its initial level on the observation date for that period.
The notes will be automatically called at par plus the coupon if each index closes at or above its initial level on any quarterly call observation date after six months.
The payout at maturity will be par unless any asset closes below 70% of its initial level, in which case investors will lose 1% for each 1% decline of the worst performer.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon index-linked notes
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| Underlying indexes: | Russell 2000 and Nasdaq-100
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| Amount: | $1,106,000
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| Maturity: | Feb. 25, 2025
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| Coupon: | 6.6% per year; payable each month that each index closes at or above 70% of its initial level on observation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par plus coupon unless any index finishes below 70% of initial level, in which case 1% loss for each 1% decline of worst performer
|
| Call: | Automatically at par plus coupon if each index closes at or above initial level on any quarterly call observation date after six months
|
| Initial index levels: | 14,009.54 for Nasdaq and 2,346.543 for Russell
|
| Coupon trigger levels: | 70% of initial levels
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| Barrier levels: | 70% of initial levels
|
| Pricing date: | Feb. 18, 2022
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| Settlement date: | Feb. 24, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 40057L6R7
|
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