By Susanna Moon
Chicago, Sept. 19 – GS Finance Corp. priced $525,000 of 0% notes due Sept. 26, 2024 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 9% if the index closes at or above its call level on any annual observation date. The call level will be 103.25% for first call date, stepping up by 3.25% on each subsequent call date to final level of 119.5% on Sept. 12, 2023.
The payout at maturity will be par plus any index gain.
If the index falls, the payout will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Notes
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| Underlying index: | GS Momentum Builder Multi-Asset 5S ER index
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| Amount: | $525,000
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| Maturity: | Sept. 26, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus index return, floor of par
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| Call: | At par plus 9% per year if index closes at or above call level on any annual observation date
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| Initial index level: | 104.89
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| Call level: | 103.25% for first call date, stepping up by 3.25% on each subsequent call date to final level of 119.5% on Sept. 12, 2023
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| Pricing date: | Sept. 12
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| Settlement date: | Sept. 15
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| Agent: | Goldman Sachs & Co.
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| Fees: | 4.98%
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| Cusip: | 40054LQQ0
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