By Taylor Fox
New York, Nov. 10 – GS Finance Corp. priced $4.04 million of 0% autocallable notes due Oct. 14, 2022 linked 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 automatically called at $1,135 per $1,000 of notes if the index closes at or above its initial level on Oct. 25, 2021.
At maturity, if the index return is positive, the payout will be par plus the return.
The payout will be par if the index declines but finishes above 85% of its initial level.
Otherwise, investors will be fully exposed to any index decline.
Goldman Sachs & Co. LLC is the underwriter with JPMorgan acting as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $4,040,000
|
| Maturity: | Oct. 14, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par if index declines up to 15%; otherwise full exposure to losses
|
| Call: | Automatically at $1,135 per $1,000 of notes if index closes above initial level on Oct. 25, 2021
|
| Initial level: | 3,477.13
|
| Trigger buffer level: | 85% of initial level
|
| Pricing date: | Oct. 9
|
| Settlement date: | Oct. 15
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Placement agent: | JPMorgan
|
| Fees: | 1.65%
|
| Cusip: | 40057EEY9
|
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