By William Gullotti
Buffalo, N.Y., Jan. 27 – GS Finance Corp. priced $26.45 million of 0% index-linked notes due Jan. 26, 2026 linked to the performance of the S&P 500 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 4.25% until the Jan. 2023 observation date if the index closes at or above the 85% trigger buffer on every trading day during the observation period. If the index closes below the trigger buffer level on any trading day, no coupon will be paid for that observation period or any subsequent coupon payment date.
The notes will be automatically called at par plus the coupon if the index closes at or above trigger buffer level on every trading day for the first year.
If the notes are not called, the payout at maturity will be par plus the return of the index plus an additional 15%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $26,454,000
|
| Maturity: | Jan. 26, 2026
|
| Coupon: | 4.25% annual rate, payable monthly for one year, if the index closes at or above trigger buffer level on every trading day during the observation period; if index closes below trigger buffer on any trading date, no coupons will be paid for that observation period or for the remaining life of the notes
|
| Price: | Par
|
| Payout at maturity: | Par plus the sum of the index return plus 15%
|
| Call: | Automatically at par plus coupon if the index closes at or above trigger buffer level on every trading day during the first year of the notes
|
| Initial level: | 4,397.94
|
| Trigger buffer level: | 85% of initial levels
|
| Pricing date: | Jan. 21
|
| Settlement date: | Jan. 26
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | None
|
| Cusip: | 40057KUL5
|
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