Chicago, July 5 – GS Finance Corp. priced $535,000 of callable contingent coupon underlier-linked notes due July 12, 2027 linked to the Russell 2000 index and the iShares MSCI EAFE ETF, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a coupon of 8.6% if each underlier closes above its coupon barrier, 70% of its initial level, on a quarterly observation date.
The notes will be callable at par on any quarterly observation date after six months.
If not called, the payout at maturity will be par if both assets close above their 60% trigger buffer levels.
Otherwise, investors will be fully exposed to the loses of the worst performer.
Goldman Sachs & Co. LLC is the underwriter.
| 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 index and iShares MSCI EAFE ETF
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| Amount: | $535,000
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| Maturity: | July 12, 2027
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| Coupon: | 8.6% annual rate, payable quarterly if each asset closes above coupon barrier on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par if both assets close above trigger buffer levels; otherwise, full exposure to losses of worst performer
|
| Call option: | At par on any quarterly observation date after six months
|
| Initial levels: | 1,769.604 for index, $62.28 for fund
|
| Trigger buffer levels: | 60% of initial levels
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| Coupon barrier levels: | 70% of initial levels
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| Pricing date: | July 7, 2022
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| Settlement date: | July 12, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.125%
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| Cusip: | 40057MMJ5
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