Chicago, Nov. 6 – GS Finance Corp. priced $545,000 of autocallable contingent coupon ETF-linked notes due Nov. 28, 2023 tied to the Energy 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 annual rate of 10% if the ETF closes at or above the coupon trigger level, 56% of the initial level, on the valuation date for that period.
The notes will be called at par plus coupon if the ETF closes at or above its initial level on any monthly call observation date starting after six months.
If the notes are not called and the ETF finishes at or above 56% of initial value, the payout will be par plus the final coupon.
Otherwise, investors will lose 1% for each 1% decline of the ETF from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon ETF-linked notes
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| Underlying ETF: | Energy Select Sector SPDR Fund
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| Amount: | $545,000
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| Maturity: | Nov. 28, 2023
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| Coupon: | 10% annualized rate, payable monthly if the ETF closes at or above coupon trigger level, on valuation date for that period
|
| Price: | Par
|
| Payout at maturity: | If the ETF finishes at or above trigger buffer level, par plus coupon; otherwise, 1% loss for each 1% decline of the ETF from initial level
|
| Call: | At par plus coupon if the ETF closes at or above its initial level on any monthly call observation date starting after six months
|
| Initial ETF level: | $84.41
|
| Coupon trigger level: | 56% of initial level
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| Trigger buffer level: | 56% of initial level
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| Pricing date: | Oct. 19, 2022
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| Settlement date: | Oct. 24, 2022
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.15%
|
| Cusip: | 40057NMH7
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