By William Gullotti
Buffalo, N.Y., March 23 – GS Finance Corp. priced $2.19 million of 0% autocallable buffered index-linked notes due March 21, 2024 linked 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.
The notes will be automatically called at par plus 12.4% if the index closes at or above the initial index level on March 27, 2023.
If the notes are not called and the index return is positive, the payout at maturity will be par plus 1.25 times the index return. Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% loss beyond 10%.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor | Goldman Sachs Group, Inc.
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Issue: | Autocallable buffered index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $2,185,000
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Maturity: | March 21, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the notes are not called and the index return is positive, par plus 1.25 times the index return; par if the index falls by up to 10%; 1% loss for each 1% loss beyond 10%
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Call: | Automatically at par plus 12.4% of par if the index closes at or above the initial index level on March 27, 2023
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Initial level: | 4,463.12
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Buffer level: | 90% of initial level
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Pricing date: | March 18
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Settlement date: | March 23
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.75%
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Cusip: | 40057LKF7
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