By William Gullotti
Buffalo, N.Y., April 22 – GS Finance Corp. priced $7.17 million of 0% autocallable buffered index-linked notes due April 23, 2024 linked to the Russell 2000 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 10% if the index closes at or above the initial index level on April 25, 2023.
If the notes are not called and the index return is positive, the payout at maturity will be par plus 2.55 times the index return. Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% loss beyond 15%.
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: | Russell 2000 index
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Amount: | $7,171,000
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Maturity: | April 23, 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 2.55 times the index return; par if the index falls by up to 15%; 1.1765% loss for each 1% loss beyond 15%
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Call: | Automatically at par plus 10% of par if the index closes at or above the initial index level on April 25, 2023
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Initial level: | 1,990.134
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Buffer level: | 85% of initial level
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Pricing date: | April 18
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Settlement date: | April 21
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.5%
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Cusip: | 40057LRF0
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