By Kiku Steinfeld
Chicago, Feb. 15 – GS Finance Corp. priced $907,000 of callable contingent coupon index-linked notes due Nov. 20, 2024 linked 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 annual rate of 7.3% if the index closes at or above its coupon barrier, 55% of its initial level, on the observation date for that period.
The notes will be callable at par plus any coupon due on any quarterly coupon payment date after six months.
The payout at maturity will be par unless the index finishes below its 55% barrier, in which case investors will lose 1% for each 1% decline from its initial level.
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
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| Underlying index: | S&P 500 index
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| Amount: | $907,000
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| Maturity: | Nov. 20, 2024
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| Coupon: | 7.3% annual rate, payable quarterly if index closes at or above coupon barrier on observation date
|
| Price: | Par
|
| Payout at maturity: | Par if index finishes above barrier levels; otherwise 1% for each 1% decline of index from initial level
|
| Call option: | At par plus any coupon due on any quarterly coupon payment date after six months
|
| Initial levels: | 3,991.73
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| Coupon barriers: | 55% of initial levels
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| Barrier values: | 55% of initial levels
|
| Pricing date: | Nov. 15, 2022
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| Settlement date: | Nov. 18, 2022
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.75%
|
| Cusip: | 40057NYB7
|
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