By Kiku Steinfeld
Chicago, April 8 – GS Finance Corp. priced $668,000 of 0% autocallable index-linked notes due July 14, 2028 tied 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.
The notes will be called at par plus a 28%call premium if the index closes at or above its initial level on Jan. 7, 2026.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus double the index gain.
If the index declines but finishes at or above 70% of its initial level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $668,000
|
| Maturity: | July 14, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double index gain if index finishes positive; par if index declines but not more than 30%; otherwise, full exposure to losses of index
|
| Call: | At par plus 28%call premium if index closes at or above initial level on Jan. 7, 2026
|
| Initial level: | 4,398.95
|
| Trigger buffer level: | 70% of initial level
|
| Pricing date: | July 7, 2023
|
| Settlement date: | July 12, 2023
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.52%
|
| Cusip: | 40057TJG0
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
