Chicago, May 13 – GS Finance Corp. priced $1.3 million of 0% autocallable index-linked notes due Oct. 14, 2026 tied to 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 called at par plus a 6.75% call premium if the index closes at or above its initial level on any annual call observation date.
If the notes are not called, the payout at maturity will be par plus 33.75% if the index finishes at or above its initial level.
If the index declines by up to 10%, the payout will be par; otherwise, investors will be exposed to the decline of the index beyond the 10% buffer.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $1.3 million
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| Maturity: | Oct. 14, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above its initial level, par plus 33.75%; if the index declines by up to 10%, par; otherwise, exposure to the decline of the index beyond buffer
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| Call: | At par plus annual 6.75% call premium if index closes at or above initial level on any annual observation date
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| Initial level: | 4,363.55
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| Buffer level: | 90% of initial level
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| Pricing date: | Oct. 6, 2021
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| Settlement date: | Oct. 12, 2021
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 40057JS72
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