Chicago, Sept. 21 – GS Finance Corp. priced $500,000 of autocallable contingent coupon equity-linked notes due Sept. 18, 2023 linked to the common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Each month, the notes will pay a contingent coupon at the rate of 27.64% per year if the stock closes at or above the coupon trigger price, 65% of the initial share price, on the observation date for that period.
The notes will be called automatically at par if the stock closes at or above the initial share price on any monthly observation date starting after three months.
If the notes are not called, the payout at maturity will be par unless the stock finishes below the trigger buffer price, 65% of the initial share price, in which case investors will be exposed to the stock’s decline from its initial share price.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon equity-linked notes
|
| Underlying stock: | Nvidia Corp.
|
| Amount: | $500,000
|
| Maturity: | Sept. 18, 2023
|
| Coupon: | 27.64% per year, payable monthly if stock closes at or above coupon trigger price on observation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless stock finishes below trigger buffer price, in which case investors will be exposed to stock’s decline from initial share price
|
| Call: | Automatically at par if stock closes at or above initial share price on any monthly observation date starting after three months
|
| Initial share price: | $131.28
|
| Coupon trigger price: | 65% of initial share price
|
| Trigger buffer price: | 65% of initial share price
|
| Pricing date: | Sept. 14, 2022
|
| Settlement date: | Sept. 21, 2022
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 40057NAJ6
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
