By William Gullotti
Buffalo, N.Y., June 29 – GS Finance Corp. priced $1.4 million of 0% autocallable index-linked notes due June 24, 2027 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 10% call premium if the index closes at or above its initial level on June 20, 2023.
If the notes are not called, the payout at maturity will be par plus 1.95 times the index return if the index finishes at or above its initial level.
If the index declines by up to 30%, the payout will be par; otherwise, investors will lose 1% for every 1% decline beyond 30%.
Goldman Sachs & Co. LLC is the underwriter.
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: | $1,395,000
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Maturity: | June 24, 2027
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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 1.95 times the index return; if the index declines by up to 30%, par; otherwise, 1% loss for every 1% decline beyond 30%
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Call: | At par plus a 10% call premium if index closes at or above initial level on June 20, 2023
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Initial level: | 3,674.84
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Buffer level: | 70% of initial level
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Pricing date: | June 17
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Settlement date: | June 23
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.67%
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Cusip: | 40057MFN4
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