By Wendy Van Sickle
Columbus, Ohio, Jan. 21 – GS Finance Corp. priced $4.49 million of 0% autocallable index-linked notes due Jan. 18, 2024 tied to the Euro Stoxx 50 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 13.3% call premium if the index closes at or above its initial level on Jan. 27, 2023.
The payout at maturity will be par plus two times any index gain if the index finishes at or above its initial level.
If the index declines by up to 15%, the payout will be par; otherwise, investors will be fully exposed to the decline of the index from its initial level.
Goldman Sachs & Co. LLC is the underwriter with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $4,487,000
|
| Maturity: | Jan. 18, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus two times the gain; if the index declines by up to 15%, par; otherwise, full exposure to the decline of the index from its initial level
|
| Call: | At par plus a 13.3% call premium if index closes at or above initial level on Jan. 27, 2023
|
| Initial level: | 4,272.19
|
| Barrier level: | 85% of initial level
|
| Pricing date: | Jan. 14
|
| Settlement date: | Jan. 20
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Placement agent: | JPMorgan
|
| Fees: | 1.5%
|
| Cusip: | 40057KSG9
|
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