Chicago, Sept. 19 – GS Finance Corp. priced $7.95 million of 0% autocallable buffered Performance Leveraged Upside Securities due Sept. 12, 2024 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 autocallable at par plus 10% if the index is greater than its initial level on Sept. 18, 2023.
If the index return is positive, the payout at maturity will be par of $10 plus 125% of the index return.
Investors will receive par if the index declines by 14% or less and will lose 1% for every 1% that it declines beyond a 14% buffer.
Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable buffered Performance Leveraged Upside Securities
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Underlying index: | S&P 500 index
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Amount: | $7,947,040
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Maturity: | Sept. 12, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index gains, par plus 125% of index gain; par if index declines by 14% or less; otherwise, 1% loss for every 1% that index declines beyond 14% buffer
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Call: | Automatically at par plus 10% if index is greater than initial level on Sept. 18, 2023
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Initial level: | 4,067.36
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Buffer level: | 86% of initial level
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Pricing date: | Sept. 9
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Settlement date: | Sept. 14
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Underwriter: | Goldman Sachs & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 2.5%
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Cusip: | 36264Q362
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