Chicago, Feb. 5 – GS Finance Corp. priced $500,000 of 0% autocallable absolute return notes due Nov. 15, 2024 linked 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.
If the index closes below 70% of its initial level on any day during the life of the notes, the notes will be automatically called at par.
If the notes have not been called, at maturity investors will receive par plus the return of the index capped at 3% if the index finishes positive.
If the index declines but not more than 30%, investors will receive par plus the absolute return of the index.
If the index declines more than 30%, investors will receive par.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable absolute return notes
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| Underlying index: | S&P 500 index
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| Amount: | $500,000
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| Maturity: | Nov. 15, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus return of index capped at 3% if index finishes positive; par plus absolute return of index if it declines but not more than 30%; otherwise, par
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| Call: | Automatically at par if index closes below 70% of its initial level on any trading day during the life of the notes
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| Initial index level: | 4,124.08
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| Call level: | 70% of initial level
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| Pricing date: | May 12, 2023
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| Settlement date: | May 17, 2023
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 3%
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| Cusip: | 40057RUJ5
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