By William Gullotti
Buffalo, N.Y., April 28 – GS Finance Corp. priced $110.16 million of 0% autocallable buffered index-linked notes due April 23, 2027 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 8% if the index closes at or above its initial level on April 27, 2023.
If the notes are not called and the index return is positive, the payout at maturity will be par plus 200% of the index gain.
Investors will receive par if the index falls by up to 35% and will lose 1.5385% for each 1% loss beyond 35%.
Goldman Sachs & Co. LLC is the agent.
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: | $110.16 million
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Maturity: | April 23, 2027
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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 200% of the index gain; par if the index falls by up to 35%; otherwise, 1.5385% loss for each 1% decline beyond 35%
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Call: | Automatically at par plus 8% of par if the index closes at or above the initial index level on April 27, 2023
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Initial level: | 4,459.45
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Buffer level: | 65% of initial level
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Pricing date: | April 20
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Settlement date: | April 25
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.15%
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Cusip: | 40057LTE1
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