By Kiku Steinfeld
Chicago, Sept. 19 – GS Finance Corp. priced $955,000 of autocallable contingent coupon notes due Feb. 3, 2027 linked to 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 pay a coupon each month at a rate of 5.75% per year if both indexes close at or above 85% of their initial levels on the determination date for the corresponding period.
After one year, the notes will be automatically called at par on any monthly determination date if both indexes close at or above their initial levels.
If the notes have not been called and the return of each index is at least negative 15%, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will share fully in the losses of the lesser-performing index beyond 15%.
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 contingent coupon notes
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| Underlying indexes: | Russell 2000 index S&P 500 index
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| Amount: | $955,000
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| Maturity: | Feb. 3, 2027
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| Coupon: | 5.75% per year, payable monthly, if both indexes close at or above coupon barrier levels on the determination date for that month
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon if return of each index is at least negative 15%; otherwise, full exposure to losses of lesser-performing index below buffer
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| Call: | Automatically at par on any monthly determination date after one year if both indexes close at or above their initial levels
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| Initial levels: | 4,326.51 for S&P, 1,931.288 for Russell
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| Coupon barriers: | 85% of initial levels
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| Buffer levels: | 85% of initial levels
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| Pricing date: | Jan. 27, 2022
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| Settlement date: | Jan. 31, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 3.75%
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| Cusip: | 40057KWE9
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