By Wendy Van Sickle
Columbus, Ohio, June 12 – GS Finance Corp. priced $10.45 million of 0% index-linked notes due June 12, 2024 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
A trigger event will occur if, on any trading day during the observation period of May 26, 2023 through June 7, 2024, the index closes below 80% or above 110% of its initial level.
If a trigger even has not occurred, the payout at maturity will be par plus 25.6%.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the agent with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $10.45 million
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| Maturity: | June 12, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If no trigger event has occurred, par plus 25.6%; otherwise, par
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| Trigger event: | Occurs if on any trading day during from May 26, 2023 through June 7, 2024 index closes below 80% or above 110% of initial level
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| Initial level: | 4,151.28
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| Pricing date: | May 26
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| Settlement date: | June 1
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| Agent: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
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| Fees: | 1%
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| Cusip: | 40057T3X0
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