Chicago, Feb. 13 – GS Finance Corp. priced $558,000 of 0% market-linked securities – autocallable with fixed percentage buffered downside due Dec. 31, 2027 tied to the Nasdaq-100 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 a 7.5% call premium if the index closes at or above its initial level on any quarterly call date starting after one year.
If the notes are not called, the payout at maturity will be par if the index finishes at or above its 90% buffer level.
Otherwise, investors will have a 1% loss for each 1% decline beyond the 10% buffer.
Goldman Sachs & Co. LLC and Wells Fargo Securities were the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Market-linked securities – autocallable with fixed percentage buffered downside
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| Underlying index: | Nasdaq-100 index
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| Amount: | $558,000
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| Maturity: | Dec. 31, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If called, par plus 30%; if not called and index finishes above buffer level, par; otherwise, 1% loss for each 1% decline beyond 10% buffer
|
| Call: | At par plus a 7.5% call premium if index closes at or above initial level on any quarterly call date starting after one year
|
| Initial level: | 16,898.47
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| Buffer level: | 90% of initial level
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| Pricing date: | Dec. 28, 2023
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| Settlement date: | Jan. 3, 2024
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| Underwriter: | Goldman Sachs & Co. LLC and Wells Fargo Securities
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| Fees: | 2.575%
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| Cusip: | 40057XKR5
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