By Kiku Steinfeld
Chicago, Dec 1 – GS Finance Corp. priced $539,000 of callable contingent coupon equity-linked notes due April 24, 2025 linked to the shares of Amazon.com, Inc., according to a 424B2 filing with the Notes 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 15% if the stock closes at or above the coupon barrier price, 68.3% of the initial price, on the valuation date for that period.
The notes are callable at par plus the contingent coupon on any quarterly call valuation date after six months.
If the notes are not called, the payout at maturity will be par unless the shares finish below the 68.3% barrier level, in which case investors will be fully exposed to their decline.
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 equity-linked notes
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Underlying stock: | Amazon.com, Inc.
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Amount: | $539,000
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Maturity: | April 24, 2025
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Coupon: | 15% per year, payable quarterly if closing price of shares is greater than or equal to coupon barrier price on valuation date for that period
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Price: | Par
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Payout at maturity: | Par plus final coupon unless shares finish below barrier level, in which case investors will be fully exposed to decline
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Call: | At par plus contingent coupon on any quarterly call valuation date after six months
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Initial share price: | $104.30
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Coupon barrier price: | 68.3% of initial share price
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Barrier level: | 68.3% of initial share price
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Pricing date: | April 19, 2023
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Settlement date: | April 24, 2023
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.75%
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Cusip: | 40057RHX9
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