By Taylor Fox
New York, Nov. 2 – GS Finance Corp. priced $1.1 million of callable contingent coupon notes due Oct. 7, 2026 linked to the S&P 500 index, the Nasdaq-100 index and the Russell 2000 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 semiannual coupon of 6.6% per annum if each index closes at or above its 60% coupon trigger level on the determination date for that period.
The notes can be called at par plus the contingent coupon on any coupon payment date after six months.
The payout at maturity will be par unless any index closes below 60% of its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level.
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 notes
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| Underlying indexes: | S&P 500, Nasdaq-100 and Russell 2000
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| Amount: | $1.1 million
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| Maturity: | Oct. 7, 2026
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| Contingent coupon: | 6.6% annualized, payable semiannually if each index closes at or above 60% coupon trigger level on the determination date for that quarter
|
| Price: | Par
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| Payout at maturity: | Par unless any index closes below 60% of its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level
|
| Call option: | Callable at par plus any coupon on any coupon payment date after six months
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| Initial index levels: | 3,363 for S&P, 11,418.06 for Nasdaq and 1,507.692 for Russell
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| Coupon trigger levels: | 60% of initial levels
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| Trigger levels: | 60% of initial levels
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| Pricing date: | Sept. 30
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| Settlement date: | Oct. 7
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.875%
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| Cusip: | 40057ECL9
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