By Angela McDaniels
Tacoma, Wash., Aug. 17 – GS Finance Corp. priced $987,000 of autocallable contingent coupon equity-linked notes due Oct. 16, 2023 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each month, the notes will pay a contingent coupon at the rate of 16.9% per year if the stock closes at or above its barrier price, 73% of its initial share price, on the observation date for that month.
Beginning in March 2023, the notes will be called automatically at par if the stock closes at or above its initial share price on any monthly observation date.
If the notes are not called, the payout at maturity will be par unless the stock finishes below its barrier price, in which case investors will be exposed to the stock’s decline from its initial share price.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon equity-linked notes
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| Underlying stock: | Amazon.com, Inc.
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| Amount: | $987,000
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| Maturity: | Oct. 16, 2023
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| Coupon: | 16.9% per year, payable monthly if stock closes at or above barrier price on observation date for that month.
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| Price: | Par
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| Payout at maturity: | Par unless stock finishes below barrier price, in which case investors will be exposed to stock’s decline from initial share price
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| Call: | Beginning in March 2023, automatically at par if stock closes at or above initial share price on any monthly observation date
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| Initial share price: | $133.27
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| Barrier price: | 73% of initial share price
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| Pricing date: | Sept. 9, 2022
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| Settlement date: | Sept. 14, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.65%
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| Cusip: | 40057MXZ7
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