$10,282,220 Contingent Income Auto-Callable Securities Based on the Performance of the Common Stock of DocuSign, Inc. due October 24, 2024, priced on October 20, 2021, were issued by GS Finance Corp. The pricing supplement for this note (CUSIP: 36261U523) can be found here. The notes had a $10 face value and paid a quarterly coupon of $0.2375, so long as the notes had not been called and and DocuSign all closed above 70% of their October 20, 2021 closing prices on a determination date. If and DocuSign closed below 70% of their October 20, 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 October 21, 2024 and above 70% of their October 20, 2021 closing prices. If on October 21, 2024 and DocuSign closed below 70% of their October 20, 2021 closing prices, the notes paid reduced principal euqal to $10 multiplied by the lowest ratio of and DocuSign October 21, 2024 closing prices to their October 20, 2021 closing prices. The notes have matured. They didn't pay any coupon and $2.65 repayment per $10 note. Investors thus suffered capital losses of $7.35 and net losses of $7.35.† In the aggregate, investors in this note suffered $7,561,370 in capital losses and $7,561,370 in net losses. See Table 1 and Figure 1.
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