By Wendy Van Sickle
Columbus, Ohio, Jan. 26 – GS Finance Corp. priced $70 million of 0% autocallable index-linked notes due July 24, 2025 tied to the MSCI World Information Technology index, the PHLX Semiconductor Sector index and the Russell 1000 Growth index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on Jan. 27, 2023 the notes will be called at par plus a 17% call premium.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 1.507 times the return of the least performing index.
If the worst performer declines but finishes at or above 80% of its initial level, the payout will be par.
If any index falls by more than 20%, investors will be exposed to the decline of the worst performing index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
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 indexes: | MSCI World Information Technology index, PHLX Semiconductor Sector index, Russell 1000 Growth index
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| Amount: | $70 million
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| Maturity: | July 24, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, par plus 1.507 times return of the least performing index; if worst performer finishes above 80% of initial level, par; otherwise, investors will be exposed to the decline of the worst performing index from its initial level
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| Call: | If each index closes at or above initial level on Jan. 27, 2023, notes will be called at par plus 17% call premium
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| Initial index levels: | 515.31 for MSCI World, 3,494.751 for PHLX Semiconductor, 2,767.336 for Russell
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| Trigger buffer levels: | 80% of initial levels
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| Pricing date: | Jan. 19
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| Settlement date: | Jan. 25
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.75%
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| Cusip: | 40057KT94
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