New Issue: GS Finance sells $1.88 million 16.05% fixed coupon equity-linked notes on three stocks

By William Gullotti

Buffalo, N.Y., Oct. 13 – GS Finance Corp. priced $1.88 million of 16.05% fixed coupon equity-linked notes due Oct. 14, 2025 linked to the stock performance of Albemarle Corp., Taiwan Semiconductor Manufacturing Co., Ltd. and Global-E Online Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

Interest is payable quarterly.

The payout at maturity will be par if each stock finishes at or above its 50% trigger level.

Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Fixed coupon equity-linked notes
Underlying stocks:	Albemarle Corp., Taiwan Semiconductor Manufacturing Co., Ltd., Global-E Online Ltd.
Amount:	$1,881,000
Maturity:	Oct. 14, 2025
Coupon:	16.05% per year, payable quarterly
Price:	Par
Payout at maturity:	If each stock finishes at or above trigger level, par; otherwise, lose 1% for every 1% decline of the worst performer from initial level
Initial levels:	$155.03 for Albemarle, $87.03 for Taiwan Semiconductor, $38.78 for Global-E
Trigger level:	50% of initial levels
Strike date:	Oct. 5
Pricing date:	Oct. 6
Settlement date:	Oct. 12
Underwriter:	Goldman Sachs & Co.
Fees:	1.25%
Cusip:	40057WNC7

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