By Kiku Steinfeld
Chicago, March 21 – GS Finance Corp. priced $676,000 of callable contingent coupon underlier-linked notes due Oct. 6, 2026 linked to the Russell 2000 Value index, the S&P 500 index and the iShares Silver trust, 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 9% if each asset closes at or above its coupon barrier, 75% of its initial level, on the observation date for that period.
The notes will be callable at par plus any coupon due on any quarterly coupon payment date after one year.
The payout at maturity will be par unless any asset finishes below its 60% trigger buffer value, in which case investors will lose 1% for each 1% decline of the worst performing asset.
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 underlier-linked notes
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Underlying assets: | Russell 2000 Value index, S&P 500 index and iShares Silver trust
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Amount: | $676,000
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Maturity: | Oct. 6, 2026
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Coupon: | 9% annual rate, payable quarterly if each asset closes at or above coupon barrier on observation date
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Price: | Par
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Call option: | At par plus any coupon due on quarterly coupon payment date after one year
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Payout at maturity: | Par if each asset finishes at or above trigger buffer value; otherwise, 1% loss for each 1% decline of worst performer
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Initial levels: | 2,392.474 for Russell, 4,432.99 for S&P and $20.74 for fund
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Coupon barriers: | 75% of initial levels
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Trigger buffer values: | 60% of initial levels
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Pricing date: | Sept. 17
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Settlement date: | Sept. 22
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.73%
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Cusip: | 40057JHK5
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