By Angela McDaniels
Tacoma, Wash., March 1 – GS Finance Corp. priced $5.05 million of 0% autocallable index-linked notes due June 28, 2030 linked to the Goldman Sachs Momentum Builder Focus ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus 12.05% per year if the index closes at or above the call level on any annual call observation date. The call level starts at 100.5% of the initial index level and increases by 0.5% per year.
If the index return is positive, the payout at maturity will be par plus the index return. If the index return is zero or negative, the payout will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Autocallable index-linked notes
|
Underlying index: | Goldman Sachs Momentum Builder Focus ER index
|
Amount: | $5,046,000
|
Maturity: | June 28, 2030
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus index return; if index return is zero or negative, par
|
Call: | Automatically at par plus 12.05% per year if index closes at or above call level on any annual call observation date
|
Call level: | Starts at 100.5% of initial index level and increases by 0.5% per year
|
Initial level: | 103.60
|
Pricing date: | June 27, 2023
|
Settlement date: | June 30, 2023
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 4.32%
|
Cusip: | 40057T4E1
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.