By Kiku Steinfeld
Chicago, Jan. 8– GS Finance Corp. priced $349,000 of autocallable contingent coupon index-linked notes due Feb. 3, 2025 tied to the S&P 500 Volatility Plus Daily Risk Control index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index’s closing level on a monthly observation date is greater than or equal to 70% of the initial index level, the notes will pay a contingent coupon of 8.5% per year. Previously unpaid coupons will also be paid.
Beginning in April 2024, the notes will be called at par if the index closes at or above its initial index level on any quarterly call observation date.
If the notes are not called and the index finishes at or above the 70% barrier level, the payout at maturity will be par. Otherwise, investors will be exposed to the decline of the index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon index-linked notes
|
| Underlying index: | S&P 500 Volatility Plus Daily Risk Control index
|
| Amount: | $349,000
|
| Maturity: | Feb. 3, 2025
|
| Coupon: | 8.5% per year, payable monthly if index closes at or above barrier level on valuation date for that period; previously unpaid coupons will also be paid
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above barrier level, par; otherwise, full exposure to decline from initial level
|
| Call: | Beginning in April 2024, automatically at par if index closes at or above initial level on any quarterly call observation date
|
| Initial level: | 2,929.34
|
| Barrier level: | 70% of initial level
|
| Pricing date: | April 25, 2023
|
| Settlement date: | April 28, 2023
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.58.5%
|
| Cusip: | 40057RET1
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
