Chicago, Sept. 25 – GS Finance Corp. priced $$286,000 of autocallable contingent coupon equity-linked securities due June 23, 2023 linked to the common stock of Target Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The if the stock closes at or above the coupon barrier price, 70% of the initial price on any quarterly valuation date, the notes will pay a contingent quarterly coupon at an annualized rate of 14.15%.
The notes will be automatically called at par coupon if the stock closes at or above the initial share price on any quarterly valuation date.
If the final share price is greater than or equal to the 70% final barrier price, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the stock.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying stock: | Target Corp.
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| Amount: | $286,000
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| Maturity: | June 23, 2023
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| Coupon: | 14.15% annually, payable quarterly, if stock closes at or above coupon barrier price on valuation date for that period
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| Price: | Par
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| Payout at maturity: | If notes are not called and final share price is greater than or equal to final barrier price, par; otherwise, full exposure to decline
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| Call: | Automatically at par if stock closes at or above initial level on any quarterly valuation date
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| Initial share price: | $164.76
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| Coupon barrier level: | 70% of initial level
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| Final barrier level: | 70% of initial level
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| Pricing date: | Sept. 19, 2022
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| Settlement date: | Sept. 22, 2022
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 40057NBJ5
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