By William Gullotti
Buffalo, N.Y., May 19 – GS Finance Corp. priced $1.59 million of 0% autocallable index-linked notes due May 20, 2024 tied to the S&P 500 Value index and the Russell 2000 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on May 15, 2023, the notes will be called at par plus a 14.75% call premium.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 1.5 times the return of the laggard index.
If the worst performer declines but finishes at or above 90% of its initial level, the payout will be par.
If any index falls by more than 10%, investors will lose 1% for every 1% decline of the laggard index below 10%.
The notes are guaranteed by Goldman Sachs Group, Inc.
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 index-linked notes
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| Underlying indexes: | S&P 500 Value index, Russell 2000 Value index
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| Amount: | $1,699,000
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| Maturity: | May 20, 2024
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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 each index finishes at or above its initial level, par plus 1.5 times the return of the laggard index; if worst performer finishes above 90% of initial level, par; otherwise, investors will lose 1% for every 1% decline of the laggard index below 10%
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| Call: | If each index closes at or above initial level on May 15, 2023, notes will be called at par plus a 14.75% call premium
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| Initial index levels: | 1,441.81 for S&P Value, 2,162.416 for Russell Value
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| Trigger buffer levels: | 90% of initial levels
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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
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| Fees: | 0.8%
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| Cusip: | 40057LYV7
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