Chicago, Dec. 19 – GS Finance Corp. priced $1.2 million of callable contingent coupon index-linked notes due Dec. 14, 2026 tied to the S&P 500 Futures 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 annual rate of 12% if the index closes at or above the coupon trigger level, 82.5% of the initial level, on the valuation date for that period.
The notes will be callable at par semiannually starting after one year.
If the notes are not called and the index finishes at or above the 80% buffer level, the payout at maturity will be par plus the final coupon.
Otherwise, investors will lose 1% for each 1% decline of the index beyond 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable contingent coupon index-linked notes
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| Underlying index: | S&P 500 Futures Volatility Plus Daily Risk Control index
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| Amount: | $1,195,000
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| Maturity: | Dec. 14, 2026
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| Coupon: | 12% annualized rate, payable quarterly if the index closes at or above coupon trigger level, on valuation date for that period
|
| Price: | Par
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| Payout at maturity: | If the index finishes at or above buffer, par plus final coupon; otherwise, lose 1% for every 1% decline beyond 20%
|
| Call: | At par semiannually starting after one year
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| Initial index level: | 587.28
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| Coupon trigger level: | 82.5% of initial levels
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| Buffer level: | 80% of initial levels
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| Pricing date: | Dec. 8
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| Settlement date: | Dec. 13
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 40057XGM1
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