$11,861,230 Contingent Income Auto-Callable Securities Based on the Performance of the Class A Subordinate Voting Shares of Shopify Inc. due June 21, 2024, priced on June 18, 2021, were issued by GS Finance Corp. The pricing supplement for this note (CUSIP: 36260Y567) can be found here. The notes had a $10 face value and paid a quarterly coupon of $0.28125, so long as the notes had not been called and and Shopify all closed above 65% of their June 18, 2021 closing prices on a determination date. If and Shopify closed below 65% of their June 18, 2021 closing prices on a determination date, the notes did not pay a coupon. If not previously called, at maturity, the notes returned $10 in principal if and Shopify all closed on the final determination date on June 18, 2024 and above 65% of their June 18, 2021 closing prices. If on June 18, 2024 and Shopify closed below 65% of their June 18, 2021 closing prices, the notes paid reduced principal euqal to $10 multiplied by the lowest ratio of and Shopify June 18, 2024 closing prices to their June 18, 2021 closing prices. The notes have matured. They paid five coupons totaling $0.56250 and $4.38 repayment per $10 note. Investors thus suffered capital losses of $5.62 and net losses of $5.06.† In the aggregate, investors in this note suffered $6,665,923 in capital losses and $5,998,729 in net losses. See Table 1 and Figure 1.
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