By Wendy Van Sickle
Columbus, Ohio, Oct. 18 – GS Finance Corp. priced $3.6 million of 0% autocallable index-linked notes due April 17, 2026 tied to the Nasdaq-100 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 18% call premium if the index closes at or above its initial level on Oct. 17, 2023.
If the notes are not called, the payout at maturity will be par plus 1.5642 times the index return if the index finishes at or above its initial level.
Investors will be fully exposed to any index decline.
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: | Nasdaq-100 index
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Amount: | $3.6 million
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Maturity: | April 17, 2026
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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 1.5642 times the index return; otherwise, full exposure to the decline of the index from its initial level
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Call: | At par plus an 18% call premium if index closes at or above initial level on Oct. 17, 2023
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Initial level: | 10,692.06
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Pricing date: | Oct. 17
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Settlement date: | Oct. 19
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 3.75%
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Cusip: | 40057NLG0
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