By Kiku Steinfeld
Chicago, June 21 – GS Finance Corp. priced $1 million of autocallable contingent coupon notes due June 5, 2024 linked to the lowest performing of the S&P 500 index and the Invesco S&P 500 High Beta ETF, 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 monthly coupon if each asset closes at or above its 65% coupon trigger level on the determination date for that period. The coupon will be at an annualized rate of 4.9%.
The notes will be called at par if each asset closes at or above its initial level on any quarterly call observation date starting May 2022.
The payout at maturity will be par unless either asset finishes below 65% of its initial level, in which case investors will be fully exposed to the decline of the least performing asset.
Goldman Sachs & Co. LLC is the agent.
| 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 assets: | S&P 500 index and Invesco High Beta S&P 500 ETF
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| Amount: | $1 million
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| Maturity: | June 5, 2024
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| Contingent coupon: | 4.9% annual rate, payable monthly if each asset closes at or above coupon trigger level on the determination date for that period
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| Price: | Par
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| Payout at maturity: | Par unless either asset finishes below trigger buffer level, in which case investors will be fully exposed to the decline of the least performing asset
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| Call: | Automatically at par if each asset closes at or above initial level on any quarterly call observation date starting May 2022
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| Initial asset levels: | 4,655.27 for S&P and $78.47 for Invesco
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| Coupon trigger levels: | 65% of initial levels
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| Trigger buffer levels: | 65% of initial levels
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| Pricing date: | Nov. 29, 2021
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| Settlement date: | Dec. 2, 2021
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.15%
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| Cusip: | 40057KDM2
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