Published on 3/7/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $830,000 callable contingent coupon notes on Russell, S&P
Chicago, March 7 – GS Finance Corp. priced $830,000 of callable contingent coupon index-linked securities due May 18, 2027 linked to the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 5.5% paid monthly if the worst performing index closes at or above its 80% coupon barrier on the related valuation date.
The securities may be called at par starting after one year and on any subsequent monthly coupon payment date.
At maturity, investors will receive par plus any coupon due.
The notes are guaranteed by Goldman Sachs Group, Inc.
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 index-linked securities
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| Underlying indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $830,000
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| Maturity: | May 18, 2027
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| Coupon: | 5.5% annual rate, paid monthly if the worst performing index closes at or above its 80% coupon barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | Par plus any coupon
|
| Call: | At par starting after one year and on any subsequent monthly coupon payment date
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| Initial levels: | 1,792.666 for Russell, 4,023.89 for S&P
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| Coupon barriers: | 80% of initial levels
|
| Pricing date: | May 13, 2022
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| Settlement date: | May 18, 2022
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.73%
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| Cusip: | 40057LXJ5
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