By Kiku Steinfeld
Chicago, Sept. 8 – GS Finance Corp. priced $96,000 of callable contingent coupon index-linked notes due March 3, 2026 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 if the index closes at or above the coupon barrier level, 80% of the initial level, on the corresponding quarterly observation date. The contingent coupon will be payable at $12.50 per quarter for the first year and will increase by $2.50 each year.
The notes are callable at par on any quarterly call valuation date.
If the notes are not called, the payout at maturity will be par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $96,000
|
| Maturity: | March 3, 2026
|
| Coupon: | $12.50 per quarter for first year increasing by $2.50 each year, payable if index closes at or above coupon barrier level on corresponding quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call: | At par on any quarterly call valuation date
|
| Initial share level: | 3,970.15
|
| Coupon barrier level: | 80% of initial level
|
| Barrier level: | 80% of initial level
|
| Pricing date: | Feb. 28, 2023
|
| Settlement date: | March 3, 2023
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 40057PJN3
|
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