Chicago, Sept. 22 – GS Finance Corp. priced $500,000 of callable contingent coupon equity-linked notes due Feb. 1, 2024 linked to the shares of Bath & Body Works, Inc., 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 quarterly coupon of 14.45% if the stock closes above its 55% coupon trigger barrier price on the related observation date.
The notes are callable at par on any quarterly coupon payment date at the option of the issuer.
If the notes are not called, the payout at maturity will be par unless the shares finish below the 55% trigger buffer price, in which case investors will be fully exposed to decline.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon equity-linked notes
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| Underlying stock: | Bath & Body Works, Inc.
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| Amount: | $500,000
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| Maturity: | Feb. 1, 2024
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| Coupon: | 14.45% annual rate, payable quarterly if stock closes above coupon trigger price on related observation date
|
| Price: | Par
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| Payout at maturity: | Par plus final coupon unless shares finish below trigger buffer price, in which case investors will be fully exposed to decline
|
| Call: | At par on any quarterly coupon payment date at option of the issuer
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| Initial share price: | $54.65
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| Coupon barrier price: | 55% of initial share price
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| Trigger buffer price: | 55% of initial share price
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| Pricing date: | Jan. 28
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| Settlement date: | Feb. 2
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1%
|
| Cusip: | 40057KU43
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