Published on 4/26/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $65,000 variable coupon equity notes on three stocks
Chicago, April 26 – GS Finance Corp. priced $65,000 of variable coupon equity-linked notes due June 2, 2027 linked to the stocks of Apple Inc., Alphabet Inc. and Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay an annual coupon at a rate of 6.25% if each stock closes above its initial price on a related determination date. Otherwise, the annual coupon will be paid at a rate of 1.25% per annum.
The payout at maturity will be par plus the relevant coupon.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Variable coupon equity-linked securities
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| Underlying stocks: | Apple Inc., Alphabet Inc., Microsoft Corp.
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| Amount: | $65,000
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| Maturity: | June 2, 2027
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| Coupon: | 6.25% annual rate if closing price of each stock is greater than or equal to initial level on annual observation date, otherwise, 1.25% annual coupon rate
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| Price: | Par
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| Payout at maturity: | Par plus relevant coupon
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| Initial levels: | $140.52 for Apple, $2,116.79 for Alphabet, $262.52 for Microsoft
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| Pricing date: | May 25, 2022
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| Settlement date: | May 31, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 3.75%
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| Cusip: | 40057M2B4
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