By Kiku Steinfeld
Chicago, Feb. 5 – GS Finance Corp. priced $690,000 of 0% autocallable index-linked notes due June 22, 2028 tied to the Euro Stoxx 50 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 10.85% per year if the index closes at or above its initial level on any annual call date.
If the notes are not called, the payout at maturity will be $1,542.50 for each $1,000 par amount of notes if the index return is positive or zero.
If the index return is negative, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | Euro Stoxx 50
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| Amount: | $690,000
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| Maturity: | June 22, 2028
|
| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the index return is positive or zero, par plus 54.25%; if the index return is negative, full exposure to the losses of the index
|
| Call: | 10.85% per year if the index closes at or above its initial level on any annual call date
|
| Initial level: | 4,394.82
|
| Pricing date: | June 16, 2023
|
| Settlement date: | June 22, 2023
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 40057TCZ5
|
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