By Kiku Steinfeld
Chicago, July 24 – GS Finance Corp. priced $732,000 of callable contingent coupon ETF-linked notes due Feb. 25, 2030 linked to the SPDR S&P Biotech ETF and Technology Select Sector SPDR Fund, 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 at an annualized rate of 6.15% if each ETF closes at or above its 80% coupon trigger level on the determination date for that period.
The notes will be callable at par plus any contingent coupon due at the issuer’s option on any quarter coupon payment date after one year.
If the notes are not called, the payout will be par plus any final coupon.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable contingent coupon ETF-linked notes
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| Underlying ETFs: | SPDR S&P Biotech ETF and Technology Select Sector SPDR Fund
|
| Amount: | $732,000
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| Maturity: | Feb. 25, 2030
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| Contingent coupon: | 6.15% per year, payable monthly if each ETF closes at or above coupon trigger level on determination date
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call: | At par plus any contingent coupon at issuer’s option on any quarterly coupon payment date after one year
|
| Initial levels: | $86.80 for biotech, $139.82 for technology
|
| Coupon trigger levels: | 80% of initial levels
|
| Pricing date: | Feb. 17, 2023
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| Settlement date: | Feb. 23, 2023
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.125%
|
| Cusip: | 40057PPX4
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