By Angela McDaniels
Tacoma, Wash., Jan. 11 – GS Finance Corp. priced $402,000 of 0% autocallable index-linked notes due May 5, 2026 linked to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus 13% per year if the index closes at or above its initial level on April 29, 2024 or April 28, 2025.
If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus 39%.
If the final level of each index is greater than or equal to 60% of its initial level but the final level of either index is less than its initial level, the payout will be par.
If the final level of either index is less than 60% of its initial level, investors will lose 1% for every 1% that the lesser performing index declines from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Russell 2000 index and the Nasdaq-100 index
|
| Amount: | $402,000
|
| Maturity: | May 5, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level of each index is greater than or equal to initial level, par plus 39%; if final level of each index is greater than or equal to 60% of initial level but final level of either index is less than initial level, par; otherwise, 1% loss for every 1% that lesser performing index declines from initial level
|
| Call: | Automatically at par plus 13% per year if index closes at or above initial level on April 29, 2024 or April 28, 2025
|
| Initial levels: | 1,768.987 for Russell and 13,245.99 for Nasdaq
|
| Barrier levels: | 60% of initial level
|
| Pricing date: | April 28, 2023
|
| Settlement date: | May 3, 2023
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.63%
|
| Cusip: | 40057REP9
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
