Chicago, Jan. 30 – GS Finance Corp. priced $1.09 million of callable contingent coupon equity linked securities due Jan. 19, 2027 linked to the worst performing of the Nasdaq-100 index, VanEck Gold Miners ETF and Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.2% paid monthly if the worst performing asset closes at or above its 60% coupon barrier on the related valuation date.
The securities may be called at par starting after six months and on any subsequent quarterly review date.
The payout at maturity will be par if the worst performing asset ends at or above its 60% final barrier. Otherwise, investors will lose 1% for every 1% that the worst performing asset declines.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable contingent coupon equity linked securities
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| Underlying assets: | Nasdaq-100 index, VanEck Gold Miners ETF and Energy Select Sector SPDR Fund
|
| Amount: | $1,090,000
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| Maturity: | Jan. 19, 2027
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| Coupon: | 11.2% annual rate, paid monthly if the worst performing asset closes at or above its 60% coupon barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | If worst performing asset finishes at or above final barrier par; 1% loss for every 1% that worst performing asset declines if it ends below final barrier
|
| Call: | At par starting after six months and on any subsequent quarterly review date
|
| Initial levels: | 316,793.05 for index, $29.11 for gold ETF, $81.55 for energy fund
|
| Coupon barriers: | 60% of initial levels
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| Final barriers: | 60% of initial levels
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| Pricing date: | Jan. 10
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| Settlement date: | Jan. 16
|
| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1%
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| Cusip: | 40057XSH9
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