Chicago, Oct. 2 – GS Finance Corp. priced $549,000 of autocallable contingent coupon index-linked notes due July 7, 2025 tied to the S&P 500 Volatility Plus Daily Risk Control index, 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 at an annualized rate of 9.25% if the index closes at or above the coupon barrier level, 70% of the initial level, on the valuation date for that period.
The notes will be automatically called at par plus the contingent coupon if the index closes at or above the initial level on any quarterly valuation date starting after six months.
If the notes are not called and the final level is greater than or equal to the 70% final barrier level, the payout at maturity will be par plus the final coupon.
Otherwise, investors will be fully exposed to the decline of the index level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon index-linked notes
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| Underlying index: | S&P 500 Volatility Plus Daily Risk Control index
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| Amount: | $549,000
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| Maturity: | July 7, 2025
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| Coupon: | 9.25% annually, payable quarterly if index closes at or above coupon barrier level on valuation date for that period
|
| Price: | Par
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| Payout at maturity: | If notes are not called and final level is greater than or equal to final barrier level, par plus final coupon; otherwise, full exposure to decline in the index
|
| Call: | Automatically at par plus contingent coupon if index closes at or above initial level on any quarterly valuation date after six months
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| Initial level: | 2,525.23
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| Coupon barrier level: | 70% of initial level
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| Final barrier level: | 70% of initial level
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| Pricing date: | Sept. 27, 2022
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| Settlement date: | Sept. 30, 2022
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.59%
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| Cusip: | 40057MZR3
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