By Wendy Van Sickle
Columbus, Ohio, Sept. 19 – GS Finance Corp. priced $4.66 million of market-linked securities – autocallable with contingent coupon and contingent downside due Aug. 27, 2026 linked to the Nasdaq-100 index, Dow Jones industrial average and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8% paid quarterly if the worst performing index closes at or above its 75% coupon barrier on the related valuation date.
The securities will be called automatically starting in February 2024 if the price of the worst performing index is greater than or equal to its initial price and on any subsequent quarterly valuation date.
The payout at maturity will be par plus any contingent coupon unless any index finishes below its 70% downside threshold, in which case investors will have full exposure to the loss of worst-performing index.
The securities are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Market-linked securities – autocallable with contingent coupon and contingent downside
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| Underlying indexes: | Nasdaq-100 index, Dow Jones industrial average and S&P 500 index
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| Amount: | $4,661,000
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| Maturity: | Aug. 27, 2026
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| Coupon: | 8% paid quarterly if the worst performing index closes at or above its 75% coupon barrier on the related valuation date
|
| Price: | Par
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| Payout at maturity: | Par plus any contingent coupon unless any index finishes below downside threshold, in which case full exposure to loss of worst-performing index
|
| Call: | Automatically starting in February 2024 if the price of the worst performing index is greater than or equal to its initial price and on any subsequent quarterly valuation date
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| Initial levels: | 15,501.07 for Nasdaq-100 index, 34,721.91 for Dow Jones industrial average, 4,507.66 for S&P 500 index
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| Coupon barriers: | 75% of initial levels
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| Downside thresholds: | 70% of initial levels
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| Pricing date: | Aug. 31
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| Settlement date: | Sept. 6
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| Agent: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
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| Fees: | 2.325%
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| Cusip: | 40057TZ80
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