By William Gullotti
Buffalo, N.Y., May 10 – GS Finance Corp. priced $2.13 million of 0% autocallable buffered index-linked notes due May 9, 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 12.15% if the index closes at or above 90% of its initial level on May 10, 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, subject to a maximum payout of par plus 100%.
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 agent.
| Issuer: | GS Finance Corp.
|
| Guarantor | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable buffered index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,125,000
|
| Maturity: | May 9, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and the index return is positive, par plus 200% of the index gain capped at 100%; par if the index falls by up to 10%; otherwise, 1% loss for each 1% decline beyond 10%
|
| Call: | Automatically at par plus 12.15% of par if the index closes at or above 90% of the initial index level on May 10, 2023
|
| Initial level: | 4,146.87
|
| Buffer level: | 90% of initial level
|
| Pricing date: | May 5
|
| Settlement date: | May 10
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | None
|
| Cusip: | 40057LYE5
|
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