By Emma Trincal
New York, May 24 – GS Finance Corp. priced $500,000 of callable contingent coupon notes due May 26, 2026 linked to the VanEck Gold Miners ETF and the common stocks of Capital One Financial Corp. and Tesla, Inc., 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 monthly coupon of 7% per annum if each asset closes at or above its 70% coupon trigger level on the observation date for that month.
The notes may be called at par plus the contingent coupon on any coupon payment date starting after six months.
The payout at maturity will be par plus any coupon, if any.
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: | Callable contingent coupon notes
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| Underlying assets: | VanEck Gold Miners ETF, Capital One Financial Corp. and Tesla, Inc.
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| Amount: | $500,000
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| Maturity: | May 26, 2026
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| Contingent coupon: | 7% annualized, payable monthly if each asset closes at or above coupon trigger level on observation date for that month
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| Price: | Par
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| Payout at maturity: | Par plus any coupon, if any
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| Call: | At par plus any contingent coupon on any monthly coupon payment date starting after six months
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| Initial asset levels: | $31.88 for VanEck Gold Miners, $99.23 for Capital One and $176.89 for Tesla
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| Coupon triggers: | 70% of initial levels
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| Pricing date: | May 18
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| Settlement date: | May 23
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 2.6%
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| Cusip: | 40057RU71
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