By Angela McDaniels
Tacoma, Wash., Nov. 16 – GS Finance Corp. priced $757,000 of 0% callable contingent coupon equity-linked notes due Nov. 5, 2024 linked to the common stock of JPMorgan Chase & Co., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at the rate of 14.3% per year if the stock closes at or above its barrier price, 65% of its initial share price, on the observation date for that quarter.
The notes are callable at par quarterly.
If the final share price is greater than or equal to the barrier price, the payout will be par. Otherwise, investors will lose 1% for every 1% that stock declines 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: | Callable contingent coupon equity-linked notes
|
| Underlying stock: | JPMorgan Chase & Co.
|
| Amount: | $757,000
|
| Maturity: | Nov. 5, 2024
|
| Coupon: | 14.3% per year, payable quarterly if stock closes at or above barrier price on observation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than or equal to barrier price, par; otherwise, 1% loss for every 1% that stock declines from initial share price
|
| Call option: | At par quarterly
|
| Initial share price: | $125.88
|
| Barrier level: | 65% of initial share price
|
| Pricing date: | Oct. 31, 2022
|
| Settlement date: | Nov. 3, 2022
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 40057NSV0
|
|
|
© 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.
