Chicago, Feb. 28 – GS Finance Corp. priced $445,000 of callable contingent coupon equity-linked notes due Jan. 23, 2026 linked to the common stock of Chevron Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a quarterly coupon of 9.45% if the stock closes above its 65% coupon trigger price on the related observation date.
The securities may be called at par starting in July 2024 at par and on any subsequent quarterly coupon payment date.
If the stock gains or ends above its 65% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the stock 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 equity-linked notes
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| Underlying stock: | Chevron Corp.
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| Amount: | $445,000
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| Maturity: | Jan. 23, 2026
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| Coupon: | 9.45% annual rate, payable quarterly if stock closes above coupon trigger price on related observation date
|
| Price: | Par
|
| Payout at maturity: | If stock finishes at or above its downside threshold level, par; 1% loss for every 1% that stock declines if it finishes below its downside threshold level
|
| Call: | Starting in July 2024 at par and on any subsequent quarterly coupon payment date
|
| Initial level: | $143.12
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| Coupon trigger level: | 65% of initial level
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| Downside threshold: | 65% of initial level
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| Pricing date: | Jan. 17
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| Settlement date: | Jan. 22
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.75%
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| Cusip: | 40057XW68
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