By Kiku Steinfeld
Chicago, May 30 – GS Finance Corp. priced $540,000 of callable contingent coupon index-linked notes due July 25, 2024 tied 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 an annual rate of 6.65% if the index closes at or above the coupon trigger level, 70% of the initial level, on the valuation date for that period.
The notes may be called at the option of the issuer on any quarterly payment date after six months.
If the notes are not called and the index closes at or above 70% of initial value, the payout will be par plus any coupon due.
Otherwise, investors will be fully exposed to any losses.
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
|
| Underlying index: | S&P 500 index
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| Amount: | $540,000
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| Maturity: | July 25, 2024
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| Coupon: | 6.65% annualized rate, payable quarterly if the index closes at or above coupon trigger level on valuation date for that period
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above trigger buffer level, par; otherwise, full exposure to losses
|
| Call option: | At par plus any coupon at the option of the issuer on any quarterly payment date after six months
|
| Initial index level: | 3,972.61
|
| Coupon trigger level: | 70% of initial level
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| Trigger buffer level: | 70% of initial level
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| Pricing date: | Jan. 20, 2023
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| Settlement date: | Jan. 25, 2023
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.225%
|
| Cusip: | 40057PGE6
|
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