By Wendy Van Sickle
Columbus, Ohio, Feb. 16 – GS Finance Corp. priced $12.31 million of index-linked notes due Feb. 17, 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.
Up until February 2023, he notes will pay a monthly coupon at an annual rate of 4% if the closing level of the index is at least 85% of its initial level every day during that monthly measuring period. No coupon will be paid after February 2023.
The notes will be automatically called at par plus the coupon on the final coupon determination date in February 2023 if the closing level of the index has been at least 85% of the initial level every day during the life of the notes.
At maturity, investors will receive par plus the index return plus 15%. The payout could be positive or negative.
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: | Index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $12,306,000
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| Maturity: | Feb. 17, 2026
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| Coupon: | 4% per annum, payable monthly through February 2023 if closing level of index is at least 85% of initial level on every day during a monthly measuring period
|
| Call: | Automatically at par plus the coupon on final coupon determination date in February 2023 if closing level of the index has been at least 85% of initial level every day during | life of notes
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| Price: | Par
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| Payout at maturity: | Par plus the index return plus 15%
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| Initial level: | 4,418.64
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| Pricing date: | Feb. 11
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| Settlement date: | Feb. 16
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0%
|
| Cusip: | 40057L5M9
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