$29,647,360 Contingent Income Auto-Callable Securities Based on the Performance of the Common Stock of DocuSign, Inc. due June 21, 2024, priced on June 18, 2021, were issued by GS Finance Corp. The pricing supplement for this note (CUSIP: 36260Y575) can be found here. The notes had a $10 face value and paid a quarterly coupon of $0.2625, so long as the notes had not been called and and DocuSign all closed above 65% of their June 18, 2021 closing prices on a determination date. If and DocuSign 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 DocuSign 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 DocuSign 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 DocuSign June 18, 2024 closing prices to their June 18, 2021 closing prices. The notes have matured. They paid one coupon totaling $0.2625 and $1.86 repayment per $10 note. Investors thus suffered capital losses of $8.14 and net losses of $7.88.† In the aggregate, investors in this note suffered $24,140,943 in capital losses and $23,362,700 in net losses. See Table 1 and Figure 1.
SLCG Economic Consulting, LLC ("SLCG") provides finance, economics, and investment management consulting services. Our clientele includes law firms, banks, brokerage firms, and individuals embroiled in complex litigation, for whom we offer expert witness services. Our team consists of highly qualified professionals holding PhD and MA-level degrees, with extensive experience across academia, industry, and government. We have provided expert testimony in state and federal courts, and in arbitration forums. SLCG is a wholly owned subsidiary of McCann Yan Holdings, Inc., a Virginia incorporated company based in Northern Virginia.