By Angela McDaniels
Tacoma, Wash., Sept. 20 – GS Finance Corp. priced $552,000 of autocallable contingent coupon equity-linked notes due March 11, 2024 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at the rate of 12% per year if the stock closes at or above the coupon trigger price, 70% of the initial share price, on the observation date for that quarter.
The notes will be called automatically at par if the stock closes at or above the initial share price on any quarterly observation date.
If the notes are not called, the payout at maturity will be par unless the stock finishes below the trigger buffer price, 60% of the initial share price, in which case investors will be exposed to the stock’s decline from its initial share price.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Autocallable contingent coupon equity-linked notes
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| Underlying stock: | Amazon.com, Inc.
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| Amount: | $552,000
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| Maturity: | March 11, 2024
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| Coupon: | 12% per year, payable quarterly if stock closes at or above coupon trigger price on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless stock finishes below trigger buffer price, in which case investors will be exposed to stock’s decline from initial share price
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| Call: | Automatically at par if stock closes at or above initial share price on any quarterly observation date
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| Initial share price: | $127.51
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| Coupon trigger price: | 70% of initial share price
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| Trigger buffer price: | 60% of initial share price
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| Pricing date: | Sept. 2, 2022
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| Settlement date: | Sept. 8, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 2.225%
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| Cusip: | 40057N2L0
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