By Kiku Steinfeld
Chicago, Sept. 8 – GS Finance Corp. priced $196,000 of callable contingent coupon equity-linked notes due March 2, 2028 linked to the shares of Apple Inc., 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 quarterly coupon if the stock closes at or above the coupon barrier price, 80% of the initial price, on the corresponding quarterly observation date. The contingent coupon will be payable at $15 per quarter for the first year and will increase by $2.50 each year. Previously unpaid coupons, if any, will be automatically included whenever a coupon is paid.
The notes are callable at par plus any contingent coupon otherwise due on any quarterly call valuation date.
If the notes are not called, the payout at maturity will be par.
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 equity-linked notes
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| Underlying stock: | Apple Inc.
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| Amount: | $196,000
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| Maturity: | March 2, 2028
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| Coupon: | $15 per quarter for first year increasing by $2.50 after every four quarterly observation dates; coupon will be paid if stock closes at or above coupon barrier price on corresponding quarterly observation date; previously unpaid coupons will also be paid
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| Price: | Par
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| Payout at maturity: | Par plus final coupon, if any
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| Call: | At par plus any coupon due on any quarterly call valuation date
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| Initial share price: | $147.41
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| Coupon barrier price: | 80% of initial share price
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| Barrier level: | 80% of initial share price
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| Pricing date: | Feb. 28, 2023
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| Settlement date: | March 3, 2023
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.5%
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| Cusip: | 40057PQJ4
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