By Wendy Van Sickle
Columbus, Ohio, Jan. 6 – GS Finance Corp. priced $1.54 million of 0% autocallable trigger Performance Leveraged Upside Securities due Jan. 4, 2024 linked to the Nasdaq-100 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 premium of 7.55% if the index closes at or above the initial index level on the interim valuation date of Jan. 6, 2023.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus 125% of the gain.
If the index falls but finishes at or above the 75% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Goldman Sachs & Co. LLC is the underwriter with Morgan Stanley Wealth Management handling distribution.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable trigger Performance Leveraged Upside Securities
|
| Underlying index: | Nasdaq-100
|
| Amount: | $1,544,420
|
| Maturity: | Jan. 4, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes above initial level, par plus 125% of gain; if index falls by up to trigger level, par; otherwise, investors will be fully exposed to any losses
|
| Call: | At par plus 7.55% if index closes at or above initial index level on Jan. 6, 2023
|
| Initial level: | 16,429.1
|
| Trigger level: | 12,321.825, 75% of initial level
|
| Pricing date: | Dec. 30
|
| Settlement date: | Jan. 5
|
| Agent: | Goldman Sachs & Co. LLC with distribution through Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 36261Y327
|
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