Chicago, Feb. 2 – GS Finance Corp. priced $1.83 million of callable contingent coupon index-linked notes due Jan. 14, 2027 linked to the least performing of the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes pay a monthly 8.4% coupon if both indexes close above the 70% coupon trigger level on the related observation date.
The notes are callable at par on any monthly coupon payment date starting after six months.
Investors will receive par if both indexes finish above their 70% trigger buffer levels.
Otherwise, investors will be fully exposed to the losses of the worst performer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon index-linked notes
|
| Underlying indexes: | Nasdaq-100 index, S&P 500 index
|
| Amount: | $1,825,000
|
| Maturity: | Jan. 14, 2027
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| Coupon: | 8.4% annual rate, payable monthly if both indexes close above coupon trigger level on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par if both indexes finish above trigger buffer levels; otherwise, full exposure to losses of worst performer
|
| Call: | At par on any monthly coupon payment date starting after six months
|
| Initial levels: | 16,678.71 for Nasdaq, 4,756.50 for S&P
|
| Coupon trigger levels: | 70% of initial levels
|
| Trigger buffer levels: | 70% of initial levels
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| Pricing date: | Jan. 9
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| Settlement date: | Jan. 12
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.25%
|
| Cusip: | 40057XMK8
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