Chicago, Feb. 13 – GS Finance Corp. priced $954,000 of 0% leveraged commodity-linked notes due May 30, 2025 linked to the settlement price of the first or second nearby West Texas Intermediate light sweet crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
If the commodity return is positive, the payout at maturity will be par plus 200% of the commodity return.
If the final level is lower than the initial level but at or above the 80% trigger buffer level, the payout will be par.
Investors will share in any losses.
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: | Commodity-linked notes
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| Underlying commodity: | West Texas Intermediate light sweet crude oil futures contract
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| Amount: | $954,000
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| Maturity: | May 30, 2025
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | Par plus 200% of any increase in price of oil; par if final level falls but finishes above trigger buffer level; otherwise, full exposure to losses
|
| Initial price: | $72.67
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| Trigger buffer level: | 80% of initial level
|
| Pricing date: | May 26, 2023
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| Settlement date: | June 1, 2023
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.75%
|
| Cusip: | 40057RRJ9
|
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