By Kiku Steinfeld
Chicago, Oct. 4 – GS Finance Corp. priced $1 million of 0% autocallable index-linked notes due Feb 16, 2024 tied to the Euro Stoxx 50 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 $1,184.70 per $1,000 note if the index closes at or above its initial level on Feb. 22, 2023.
If the notes are not called, the payout at maturity will be par plus 1.25 times the index return if the index finishes at or above its initial level.
Otherwise, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $1 million
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| Maturity: | Feb. 22, 2023
|
| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus 1.25 times the index return; otherwise, full exposure to the losses of the index
|
| Call: | At $1,184.70 per $1,000 note if index closes at or above initial level on Feb. 22, 2023
|
| Initial level: | 4,064.45
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| Pricing date: | Feb. 14
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| Settlement date: | Feb. 22
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.5%
|
| Cusip: | 40057L5R8
|
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