By Kiku Steinfeld
Chicago, Oct. 19 – GS Finance Corp. priced $560,000 of 0% autocallable index-linked notes due April 11, 2028 tied to the GS Momentum Builder Focus ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus a 16.45% call premium if the index closes at or above its initial level on March 28, 2024.
If the notes are not called and the index finishes positive, the payout at maturity will be par plus 300% of the index gain.
Otherwise, investors will receive 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: | Autocallable index-linked notes
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Underlying index: | GS Momentum Builder Focus ER index
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Amount: | $560,000
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Maturity: | April 11, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above its initial level, par plus 300% of the index return; if the index finishes flat or declines, investors will receive par
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Call: | At par plus a 16.45% call premium if index closes at or above initial level on March 28, 2024
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Initial level: | 100.69
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Pricing date: | March 28, 2023
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Settlement date: | March 31, 2023
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 4.35%
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Cusip: | 40057PW73
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