By Kiku Steinfeld
Chicago, June 16 – GS Finance Corp. priced $80,000 of callable contingent coupon index-linked notes due Feb. 3, 2026 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index closes at or above the 80% coupon trigger level on a quarterly valuation date, the notes will pay a quarterly contingent coupon of $13.75 for the first four quarterly valuation dates, $16.25 for the next four quarterly valuation dates and $18.75 for the final four quarterly valuation dates.
The notes will be callable at par at the option of the issuer on any quarterly valuation date.
If the notes are not called and the index finishes at or above 80% of the initial value, the payout will be par.
Otherwise, investors will be fully exposed to the index’s decline from initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable contingent coupon index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $80,000
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| Maturity: | Feb. 3, 2026
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| Coupon: | If the index closes at or above coupon trigger level on the corresponding quarterly valuation date, payable at $13.75 for the first four quarterly valuation dates, $16.25 for the next four quarterly valuation dates and $18.75 for the final four quarterly valuation dates
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| Price: | Par of $1,000
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| Payout at maturity: | Par if the index finishes at or above trigger buffer level; otherwise, 1% loss for every 1% index decline from initial level
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| Call option: | At par on any quarterly valuation date
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| Initial index level: | 4,076.60
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| Coupon trigger level: | 80% of initial level
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| Trigger buffer level: | 80% of initial level
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| Pricing date: | Jan. 31, 2023
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| Settlement date: | Feb. 3, 2023
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 40057PCD2
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