By Angela McDaniels
Tacoma, Wash., Feb. 6 – GS Finance Corp. priced $76,000 of autocallable contingent coupon index-linked notes due May 5, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes pay a coupon equal to 6.25% per year if the index closes at or above 90% of the initial index level on the observation date for that quarter.
Beginning in April 2024, the notes will be automatically called at par if the index closes at or above the initial index level on any quarterly observation date.
The payout at maturity will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
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 contingent coupon index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $76,000
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Maturity: | May 5, 2026
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Coupon: | 6.25% per year, payable quarterly if index closes at or above 90% of initial index level on observation date for that quarter
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Price: | Par
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Payout at maturity: | Par
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Call: | Beginning in April 2024, automatically at par if index closes at or above initial index level on any quarterly observation date
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Initial level: | 4,169.48
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Coupon barrier level: | 90% of initial level
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Pricing date: | April 28, 2023
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Settlement date: | May 3, 2023
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.75%
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Cusip: | 40057RC71
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