By Angela McDaniels
Tacoma, Wash., Jan. 17 – GS Finance Corp. priced $978,000 of callable contingent coupon index-linked notes due May 3, 2028 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at the rate of 7.4% per year if the index closes at or above 70% of the initial index level on the observation date for that quarter.
Beginning in May 2025, the notes are callable at par quarterly.
The payout at maturity will be par unless the final index level is less than 80% of the initial index level, in which case investors will lose 1% for every 1% that the index declines beyond 20%.
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 index-linked notes
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $978,000
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| Maturity: | May 3, 2028
|
| Coupon: | 7.4% per year, payable quarterly if index closes at or above 70% of initial index level on observation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless final index level is less than 80% of initial index level, in which case 1% loss for every 1% that index declines beyond 20%
|
| Call option: | At par quarterly beginning in May 2025
|
| Initial level: | 13,245.99
|
| Coupon barrier level: | 70% of initial level
|
| Buffer level: | 80% of initial level
|
| Pricing date: | April 28, 2023
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| Settlement date: | May 3, 2023
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.5%
|
| Cusip: | 40057RGK8
|
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