By Wendy Van Sickle
Columbus, Ohio, April 26 – GS Finance Corp. priced $1.41 million of 0% autocallable index-linked notes due April 25, 2024 tied 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 called at par plus a 13.4% call premium if the index closes at or above its initial level on May 4, 2023.
If the notes are not called, the payout at maturity will be par plus the index return if the index finishes at or above its initial level.
If the index falls by up to 20%, the payout will be par. Investors will be exposed to losses beyond 20%.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan is the placement agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $1.41 million
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| Maturity: | April 25, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above its initial level, par plus the index return; par if the index falls by up to 20%; exposure to losses beyond 20%
|
| Call: | At par plus a 13.4% call premium if index closes at or above initial level on May 4, 2023
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| Initial level: | 4,459.45
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| Final level: | Average of closing levels on five trading days ending April 22, 2024
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| Pricing date: | April 21
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| Settlement date: | April 26
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| Underwriter: | Goldman Sachs & Co. LLC
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| Placement agent: | JPMorgan
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| Fees: | 1.5%
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| Cusip: | 40057LTJ0
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