Chicago, Feb. 8 – GS Finance Corp. priced $636,000 of callable contingent coupon index-linked notes due May 22, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a quarterly coupon of 7% if the index closes above its 60% coupon trigger level on the related observation date.
The securities may be called starting in November 2023 at par and on any subsequent quarterly coupon payment date.
If the index gains or ends above its 60% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the index declines if it finishes below its downside threshold level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable contingent coupon index-linked notes
|
| Underlying index: | S&P 500 index
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| Amount: | $636,000
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| Maturity: | May 22, 2025
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| Coupon: | 7% annual rate, payable quarterly if index closes above coupon trigger level on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par if index finishes at or above the trigger buffer level; otherwise, 1% loss for every 1% that index declines
|
| Call: | Starting in November 2023 at par and on any subsequent coupon payment date
|
| Initial level: | 4,191.98
|
| Coupon trigger level: | 60% of initial level
|
| Trigger buffer level: | 60% of initial level
|
| Pricing date: | May 19, 2023
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| Settlement date: | May 24, 2023
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1%
|
| Cusip: | 40057RWG9
|
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