By Taylor Fox
New York, Dec. 21 – GS Finance Corp. priced $874,000 of 0% autocallable index-linked notes due Dec. 22, 2025 tied to the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 28.75% premium if both indexes close above 110% of their initial levels on the June 15, 2023 observation date.
If the notes are not called and each index closes above its initial level, the payout will be par plus 2.2 times the return of the lesser performing index.
If either index falls by up to 30%, the payout will be par.
If either index falls by more than 30%, investors will be fully exposed to any losses of the worst performer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | S&P 500 index, Nasdaq-100 index
|
| Amount: | $874,000
|
| Maturity: | Dec. 22, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If notes are not called and each index closes above its initial level, par plus 2.2 times the return of the lesser performing index; if either index falls by up to 30%, par; if either index falls by more than 30%, investors will be fully exposed to the losses of the worst performer
|
| Call: | Automatically called at par plus a 28.75% premium if both indexes finish above 110% of the initial levels on June 15, 2023
|
| Initial levels: | 3,694.62 for S&P, 12,595.92 for Nasdaq
|
| Buffer levels: | 70% of initial levels
|
| Pricing date: | Dec. 15
|
| Settlement date: | Dec. 18
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.93%
|
| Cusip: | 40057ETT4
|
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