By Angela McDaniels
Tacoma, Wash., March 20 – GS Finance Corp. priced $642,000 of autocallable contingent coupon equity-linked notes due July 3, 2025 linked to the common stock of Exxon Mobil Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at the rate of 10.62% per year if the stock closes at or above 75% of the initial share price on the observation date for that quarter.
The notes will be automatically called at par if the stock closes at or above its initial share price on any quarterly observation date.
The payout at maturity will be par unless the stock finishes below 75% of the initial share price, in which case investors will lose 1% for every 1% that the final share price is less than the initial share price.
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 equity-linked notes
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| Underlying stock: | Exxon Mobil Corp.
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| Amount: | $642,000
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| Maturity: | July 3, 2025
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| Coupon: | 10.62% per year, payable quarterly if stock closes at or above 75% of initial share price on observation date for that quarter
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| Price: | Par
|
| Payout at maturity: | Par unless stock finishes below 75% of initial share price, in which case 1% loss for every 1% that final share price is less than initial share price
|
| Call: | Automatically at par if stock closes at or above initial share price on any quarterly observation date
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| Initial share price: | $107.25
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| Barrier price: | 75% of initial share price
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| Pricing date: | June 30, 2023
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| Settlement date: | July 6, 2023
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 2.5%
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| Cusip: | 40057TDN1
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