By Wendy Van Sickle
Columbus, Ohio, April 25 – GS Finance Corp. priced $4.01 million of 0% bearish barrier early redeemable market-linked notes with daily barrier observation due Feb. 23, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes below the barrier, 72.5% of the initial index level, on any day during the life of the notes, the notes will be automatically redeemed at par plus 1%.
If the notes are not automatically redeemed and the index return is greater than or equal to zero, the payout at maturity will be par plus 1%.
If the index return is less than zero but greater than or equal to negative 27.5%, the payout will be par plus the absolute value of the index return.
If the index return is less than negative 27.5%, the payout will be par plus 1%.
Goldman Sachs & Co. LLC is the underwriter. UBS Financial Services Inc. is acting as selling agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group Inc.
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Issue: | Bearish barrier early redeemable market-linked notes with daily barrier observation
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Underlying index: | S&P 500
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Amount: | $4,011,000
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Maturity: | Feb. 23, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If notes are not automatically redeemed and index return is greater than or equal to zero, par plus 1%; if index return is less than zero but greater than or equal to negative 27.5%, par plus absolute value of index return; if index return is less than negative 27.5%, par plus 1%
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Call: | Automatically at par plus 1% if index closes below barrier, 72.5% of initial index level, on any day during life of notes
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Initial level: | 4,392.59
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Pricing date: | April 18
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Settlement date: | April 21
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Underwriter: | Goldman Sachs & Co. LLC
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Selling agent: | UBS Financial Services Inc.
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Fees: | 1.5%
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Cusip: | 40057LPX3
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