By Kiku Steinfeld
Chicago, Oct. 26 – GS Finance Corp. priced $1.89 million of 0% index-linked trigger notes due 19, 2023tied 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.
If the final level of the index is greater than or equal to 80% of the initial level, the payout at maturity will be par plus the greater of zero and 2 times the index return, capped at 31%.
Otherwise, the payout will be par plus the index return with full exposure to losses.
The final index level will be the average of the closing index levels on the five trading days ending Oct. 16, 2023.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan is working as the placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked trigger notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,891,000
|
| Maturity: | Oct. 19, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final level of the index is equal to or greater than the trigger level, par plus the greater of zero and 2 times the index return, capped at 31%; otherwise, par plus the index return with full exposure to any losses
|
| Initial index level: | 3,483.81
|
| Trigger level: | 80% of initial level
|
| Pricing date: | Oct. 16
|
| Settlement date: | Oct. 21
|
| Underwriter: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
|
| Fees: | 2.175%
|
| Cusip: | 40057EFM4
|
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