Chicago, Jan. 30 – GS Finance Corp. priced $1.12 million of callable contingent coupon index-linked notes due Jan. 19, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.2%, paid monthly, if the underlying index closes at or above its 70% coupon trigger level on the related monthly observation date.
The securities may be called starting in October 2024 at par and on any subsequent monthly coupon payment date.
If the index gains or ends above its 70% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the index declines if it finishes below its downside threshold 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.
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| Issue: | Callable contingent coupon index-linked notes
|
| Underlying index: | S&P 500 index
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| Amount: | $1,117,000
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| Maturity: | Jan. 19, 2027
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| Coupon: | 7.2% annual rate, paid monthly, if the underlying index closes at or above its 70% coupon trigger level on the related monthly observation date
|
| Price: | Par
|
| Payout at maturity: | Par if index finishes at or above the trigger buffer level; otherwise, 1% loss for every 1% that index declines
|
| Call: | Starting in October 2024 at par and on any subsequent monthly coupon payment date
|
| Initial level: | 4,783.45
|
| Coupon trigger level: | 70% of initial level
|
| Trigger buffer level: | 70% of initial level
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| Pricing date: | Jan. 10
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| Settlement date: | Jan. 16
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 40057XTC9
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