By Wendy Van Sickle
Columbus, Ohio, Oct. 5 – GS Finance Corp. priced $1.83 million of 0% autocallable index-linked notes due Sept. 7, 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 an 5% call premium if index closes at or above initial level on Aug. 30, 2023.
If the notes are not called, the payout at maturity will be par plus 1.5 times the index return if the index finishes at or above its initial level.
If the index declines by up to 40%, the payout will be par; otherwise, investors will be fully exposed to the decline of the index from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,829,000
|
| Maturity: | Sept. 7, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus 1.5 times the index return; if the index declines by up to 40%, par; otherwise, full exposure to the decline of the index from its initial level
|
| Call: | At par plus 5% call premium if index closes at or above initial level on Aug. 30, 2023
|
| Initial level: | 3,986.16
|
| Barrier level: | 60% of initial level
|
| Pricing date: | Aug. 30
|
| Settlement date: | Sept. 2
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 4.1%
|
| Cusip: | 40057MSC4
|
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