New Issue: GS Finance sells $1.48 million autocallable index-linked notes on Russell 2000 Value, S&P

By Kiku Steinfeld

Chicago, April 22 – GS Finance Corp. priced $1.48 million of 0% autocallable index-linked notes due Oct. 4, 2024 tied to the least performing of the Russell 2000 Value 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 10% if each index closes at or above its initial level on Sept. 27, 2022.

The payout at maturity will be par plus 10% if each index closes above its initial level on Sept. 27, 2022. The payout will be par if the least performing index falls by up to 30%. Otherwise, investors will lose 1% for every 1% that the least performing index declines.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable index-linked notes
Underlying indexes:	Russell 2000 Value index, S&P 500 index
Amount:	$1.48 million
Maturity:	Oct. 4, 2024
Coupon:	0%
Price:	Par of $1,000
Call:	At par plus 10% if each index closes above its initial level on Sept. 27, 2022
Payout at maturity:	Par plus 1.25 times gain of lesser performing index if both indexes finish above initial level; par if least performing index falls by up to 30%; otherwise, 1% loss for every 1% decline of least performing index
Initial levels:	4,443.11 for S&P, 2,458.156 for Russell Value
Pricing date:	Sept. 27, 2021
Settlement date:	Sept. 30, 2021
Agent:	Goldman Sachs & Co. LLC
Fees:	3.5%
Cusip:	40057JFZ4

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.