Chicago, March 16 – GS Finance Corp. priced $1.54 million of callable contingent coupon ETF-linked notes due March 15, 2028 tied to the VanEck Gold Miners ETF, 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 6.5% if the ETF closes at or above the coupon trigger level, 50% of the initial level, on the relevant observation date.
The notes will be callable at par plus any coupon otherwise due on any quarterly observation date after one year.
If the notes are not called, the payout will be par plus any coupon.
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 ETF-linked notes
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Underlying fund: | VanEck Gold Miners ETF
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Amount: | $1,540,000
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Maturity: | March 15, 2028
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Coupon: | 6.5% annualized rate, payable monthly if the ETF closes at or above coupon trigger level, on the relevant observation date
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Price: | Par
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Payout at maturity: | Par plus any coupon due
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Call option: | At par plus any coupon otherwise due on any quarterly observation date after one year
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Initial ETF level: | $27.20
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Coupon trigger level: | 50% of initial levels
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Pricing date: | March 10
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Settlement date: | March 15
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.64%
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Cusip: | 40057PZ62
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