Chicago, Oct. 17 – GS Finance Corp. priced $980,000 of callable contingent coupon index-linked notes due Oct. 19, 2029 tied to 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 will pay a contingent monthly coupon at an annual rate of 6.7% if the index closes at or above the coupon trigger level, 70% of the initial level, on the valuation date for that period.
The notes will be callable at the option of the issuer on any monthly payment date at par plus any coupon otherwise due starting after two years.
If the notes have not been called, the payout will be par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| 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 index
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| Amount: | $980,000
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| Maturity: | Oct. 19, 2029
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| Coupon: | 6.7% annualized rate, payable monthly if the index closes at or above coupon trigger level on valuation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call: | At par plus any coupon due on any monthly payment date starting after two years
|
| Initial index level: | 3,583.07
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| Coupon trigger level: | 70% of initial level
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| Pricing date: | Oct. 14, 2022
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| Settlement date: | Oct. 19, 2022
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.125%
|
| Cusip: | 40057NMQ7
|
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