By Kiku Steinfeld
Chicago, Oct. 3 – GS Finance Corp. priced $659,000 of 0% autocallable index-linked notes due Feb. 15, 2024 tied to the Euro Stoxx 50 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 $1,147 if the index closes at or above its initial level on Feb. 24, 2023.
If the notes are not called, the payout at maturity will be par plus 200% of the gain if the index finishes at or above its initial level.
If the index return is negative but not less than negative 15%, the payout will be par. Otherwise, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC is the underwriter with JPMorgan as the placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $659,000
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| Maturity: | Feb. 15, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus twice any index gain; if the index return is negative but not less than negative 15%, par; otherwise, full exposure to the losses of the index
|
| Call: | $1,147 if index closes at or above initial level on Feb. 24, 2023
|
| Initial level: | 4,155.23
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| Barrier level: | 85% of initial level
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| Pricing date: | Feb. 11
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| Settlement date: | Feb. 16
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| Underwriter: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
|
| Fees: | 1.5%
|
| Cusip: | 40057L4W8
|
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