By Wendy Van Sickle
Columbus, Ohio, May 19 – GS Finance Corp. priced $21.97 million of 0% autocallable trigger Performance Leveraged Upside Securities due May 16, 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 called at par plus a premium of 11.8% if the index closes at or above the initial index level on the interim valuation date of May 22, 2023.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus 125% of the gain.
If the index falls but finishes at or above the 75% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Goldman Sachs & Co. LLC is the underwriter with Morgan Stanley Wealth Management handling distribution.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable trigger Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $21,970,750
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Maturity: | May 16, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes above initial level, par plus 125% of gain; if index falls by up to trigger level, par; otherwise, investors will be fully exposed to any losses
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Call: | At par plus 11.8% if index closes at or above initial index level on May 22, 2023
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Initial level: | 4,023.89
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Trigger level: | 3,017.9175, 75% of initial level
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Pricing date: | May 13
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Settlement date: | May 18
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Agent: | Goldman Sachs & Co. LLC with distribution through Morgan Stanley Wealth Management
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Fees: | 2.5%
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Cusip: | 36263Q165
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