Chicago, June 28 – GS Finance Corp. priced $1.71 million of autocallable contingent coupon equity-linked securities due Dec. 21, 2023 linked to the common stock of Wells Fargo & Co., 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 contingent quarterly coupon at an annualized rate of 11.25% if the stock closes at or above the coupon barrier price, 80% of the initial price, on the valuation date for that period. Previously unpaid coupons will also be paid.
The notes will be automatically called at par plus the contingent coupon if the stock close at or above the initial share price on any quarterly valuation date.
If the final share price is greater than or equal to the 80% final barrier price, the payout at maturity will be par plus any unpaid coupons. Otherwise, investors will be fully exposed to the decline of the stock price.
Goldman Sachs & Co. LLC is the agent. JPMorgan is the placement agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable contingent coupon equity-linked securities
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Underlying stock: | Wells Fargo & Co.
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Amount: | $1,705,000
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Maturity: | Dec. 21, 2023
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Coupon: | 11.25% annually, payable quarterly, if stock closes at or above coupon barrier price on valuation date for that period; previously unpaid coupons will also be paid
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Price: | Par
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Payout at maturity: | If notes are not called and final share price is greater than or equal to final barrier price, par; otherwise, full exposure to decline in the stock
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Call: | Automatically at par plus contingent coupon if stock closes at or above initial level on any quarterly valuation date
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Initial share price: | $47.95
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Coupon barrier level: | 80% of initial level
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Final barrier level: | 80% of initial level
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Pricing date: | Dec. 17, 2021
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Settlement date: | Dec. 22, 2021
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Agent: | Goldman Sachs & Co. LLC
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Placement agent: | JPMorgan
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Fees: | 1.5%
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Cusip: | 40057KJZ7
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