By Angela McDaniels
Tacoma, Wash., March 21 – GS Finance Corp. priced $218,000 of 0% autocallable underlier-linked notes due July 8, 2025 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 15.25% if each underlying asset closes at or above its initial level on July 1, 2024.
If the final level of each asset is greater than its initial level, the payout at maturity will be par plus 1.25 times the lesser performing asset’s return.
If the final level of either asset is less than or equal to its initial level but the final level of each asset is greater than or equal to 85% of its initial level, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the lesser performing asset declines beyond 15%.
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 underlier-linked notes
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| Underlying assets: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
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| Amount: | $218,000
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| Maturity: | July 8, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of each asset is greater than initial level, par plus 1.25 times lesser performing asset’s return; if final level of either asset is less than or equal to initial level but final level of each asset is greater than or equal to 85% of its initial level, par; otherwise, 1% loss for every 1% that lesser performing asset declines beyond 15%
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| Call: | Automatically at par plus 15.25% if each underlying asset closes at or above initial level on July 1, 2024
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| Initial levels: | 4,399.09 for index and $72.50 for ETF
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| Buffer levels: | 85% of initial levels
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| Pricing date: | June 30, 2023
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| Settlement date: | July 6, 2023
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.62%
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| Cusip: | 40057T2A1
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