Chicago, Jan. 30 – GS Finance Corp. priced $1.08 million of callable contingent coupon underlier-linked notes due Jan. 19, 2027 linked to the S&P 500 index and the Energy Select Sector SPDR Fund, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a coupon of 9.4% if each underlier closes above its coupon barrier, 70% of its initial level, on a monthly observation date.
The notes will be callable at par on any monthly observation date after nine months.
If not called, the payout at maturity will be par if both assets close above their 60% trigger buffer levels.
Otherwise, investors will be fully exposed to the loses of the worst performer.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable contingent coupon underlier-linked notes
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| Underlying assets: | S&P 500 index and Energy Select Sector SPDR Fund
|
| Amount: | $1,075,000
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| Maturity: | Jan. 19, 2027
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| Coupon: | 9.4% annual rate, payable monthly if each asset closes above coupon barrier on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par if both assets close above trigger buffer levels; otherwise, full exposure to losses of worst performer
|
| Call option: | At par on any monthly observation date after nine months
|
| Initial levels: | 4,783.45 for index, $81.55 for fund
|
| Coupon barrier levels: | 70% of initial levels
|
| Trigger buffer levels: | 60% of initial levels
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| Pricing date: | Jan. 10
|
| Settlement date: | Jan. 16
|
| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 1%
|
| Cusip: | 40057XTD7
|
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