By Angela McDaniels
Tacoma, Wash., April 18 – GS Finance Corp. priced $872,000 of 0% autocallable buffered index-linked notes due July 21, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 20% if the index closes at or above its initial level on July 14, 2025.
If the index return is positive or zero, the payout at maturity will be par plus 1.795 times the index return.
If the index return is negative but not below negative 20%, the payout will be par.
If the index return is below negative 20%, investors will lose 1% for every 1% that the index declines beyond 20%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable buffered index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $872,000
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| Maturity: | July 21, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive or zero, par plus 1.795 times index return; if index return is negative but not below negative 20%, par; if index return is below negative 20%, 1% loss for every 1% that index declines beyond 20%
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| Call: | Automatically at par plus 20% if index closes at or above initial level on July 14, 2025
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| Initial level: | 4,505.42
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| Buffer level: | 80% of initial level
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| Pricing date: | July 14, 2023
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| Settlement date: | July 19, 2023
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.71%
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| Cusip: | 40057TKB9
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