By Kiku Steinfeld
Chicago, Aug. 2 – GS Finance Corp. priced $1.59 million of 0% autocallable index-linked notes due Feb. 29, 2028 tied to 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.
The notes will be called at par plus 10% if the index closes at or above initial level on Feb. 22, 2024.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 1.164 times the index gain.
Investors will receive par if the index declines by no more than 20% and will be fully exposed to loss if it declines by more than 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,585,000
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| Maturity: | Feb. 29, 2028
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.164 times any index gain; if the index falls by no more than 20%, par; otherwise, full exposure to index decline from initial level
|
| Call: | At par plus 10% if index closes at or above initial level on Feb. 22, 2024
|
| Initial level: | 3,991.05
|
| Trigger level: | 80% of initial level
|
| Pricing date: | Feb. 22, 2023
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| Settlement date: | Feb. 27, 2023
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.125%
|
| Cusip: | 40057PQN5
|
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