By Kiku Steinfeld
Chicago, Feb. 6 – GS Finance Corp. priced $545,000 of autocallable contingent coupon index-linked notes due Aug. 14, 2025 tied to the Russell 2000 index and the Nasdaq-100 Technology Sector 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 13.5% if each index closes at or above the coupon trigger level, 80% of the initial level, on the valuation date for that period.
The notes will be called at par plus a coupon if each index closes at or above its initial index level on any monthly call observation date after six months.
If the notes are not called and each index finishes at or above its initial level the payout will be par.
The payout will be par unless any index closes below 80% of its initial value, in which case investors will be fully exposed to the losses of the worst performer beyond 20%.
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: | Autocallable contingent coupon index-linked notes
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| Underlying indexes: | Russell 2000 index, Nasdaq-100 Technology Sector index
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| Amount: | $545,000
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| Maturity: | Aug. 14, 2025
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| Coupon: | 13.5% annualized rate, payable monthly if each index closes at or above coupon trigger level on valuation date for that period
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| Price: | Par
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| Payout at maturity: | Par unless any index closes below buffer value, in which case investors will be fully exposed to the losses of the worst performer beyond buffer
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| Call: | At par plus coupon if each index closes at or above initial level on any monthly call observation date after six months
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| Initial index levels: | 1,809.810 for Russell, 5,534.645 for Nasdaq
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| Coupon trigger levels: | 80% of initial levels
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| Buffer levels: | 80% of initial levels
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| Pricing date: | Nov. 7, 2022
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| Settlement date: | Nov. 10, 2022
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 40057NSX6
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