Chicago, Feb. 2 – GS Finance Corp. priced $870,000 of contingent coupon index-linked notes due May 15, 2025 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.
The notes will pay a contingent quarterly coupon at an annual rate of 7.2% if the index closes at or above the coupon trigger level, 80% of the initial level, on the valuation date for that period.
If the notes are not called and the index finishes at or above 80% of initial value, the payout will be par plus the final coupon.
Otherwise, investors will have a 1% loss for each 1% decline beyond the 20% buffer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Contingent coupon index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $870,000
|
| Maturity: | May 15, 2025
|
| Coupon: | 7.2% annualized rate, payable quarterly if the index closes at or above coupon trigger level on the relevant observation date
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above buffer level, par plus final coupon; otherwise, investors will lose 1% for every 1% index decline beyond the 20% buffer
|
| Initial index level: | 4,137.64
|
| Coupon trigger level: | 80% of initial level
|
| Buffer level: | 80% of initial level
|
| Pricing date: | May 10, 2023
|
| Settlement date: | May 15, 2023
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0%
|
| Cusip: | 40057RSR0
|
|
|
© 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.
