$23,819,810 Contingent Income Auto-Callable Securities Based on the Performance of the Common Stock of DocuSign, Inc. due June 28, 2024, priced on June 25, 2021, were issued by GS Finance Corp. The pricing supplement for this note (CUSIP: 36260Y724) can be found here. The notes had a $10 face value and paid a quarterly coupon of $0.25, so long as the notes had not been called and and DocuSign all closed above 65% of their June 25, 2021 closing prices on a determination date. If and DocuSign closed below 65% of their June 25, 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 25, 2024 and above 65% of their June 25, 2021 closing prices. If on June 25, 2024 and DocuSign closed below 65% of their June 25, 2021 closing prices, the notes paid reduced principal euqal to $10 multiplied by the lowest ratio of and DocuSign June 25, 2024 closing prices to their June 25, 2021 closing prices. The notes have matured. They paid one coupon totaling $0.25 and $1.85 repayment per $10 note. Investors thus suffered capital losses of $8.15 and net losses of $7.90.† In the aggregate, investors in this note suffered $19,422,700 in capital losses and $18,827,205 in net losses. See Table 1 and Figure 1.
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