Chicago, Sept. 16 – GS Finance Corp. priced $5 million of 19% fixed coupon equity-linked notes due Jan. 24, 2023 linked to the common stock of Cleveland-Cliffs Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable monthly.
The payout at maturity will be par plus the stock return, capped at par plus 13%. Otherwise, investors will be fully exposed to the losses of the stock.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Fixed coupon equity-linked notes
|
| Underlying stock: | Cleveland-Cliffs Inc.
|
| Amount: | $5,000,000
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| Maturity: | Jan. 24, 2023
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| Coupon: | 19%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus stock return capped at par plus 13%; otherwise, full exposure to losses of stock
|
| Initial price: | $17.11
|
| Pricing date: | Jan. 25
|
| Settlement date: | Jan. 28
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.25%
|
| Cusip: | 40057KW90
|
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