By Kiku Steinfeld
Chicago, Aug. 3 – GS Finance Corp. priced $1.04 million of 0% autocallable index-linked notes due July 23, 2026 tied to the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus 24.125% if each index closes at or above 110% of initial level on the Jan. 16, 2024 call date.
If the notes are not called and each index finishes at or above its initial level, the payout at maturity will be par plus double the gain of the worst performing index.
If the worst performer finishes above 70% of its initial level, the payout will be par.
If any index falls by more than 30%, investors will be exposed to the decline of the worst performing index from its initial level.
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
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| Underlying indexes: | Nasdaq-100 index, S&P 500 index
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| Amount: | $1,035,000
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| Maturity: | July 23, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double the gain of the worst performing index; if worst performer finishes above 70% of initial level, par; if any index falls by more than 30%, exposure to decline of worst performing index from its initial level
|
| Call: | If each index closes at or above 110% of its initial level on Jan. 16, 2024, par plus 24.125%
|
| Initial index levels: | 14,681.38 for Nasdaq, 4,327.16 for S&P
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| Trigger levels: | 70% of initial levels
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| Pricing date: | July 16
|
| Settlement date: | July 21
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.5%
|
| Cusip: | 40057HV80
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