By Wendy Van Sickle
Columbus, Ohio, Oct. 26 – GS Finance Corp. priced $25.32 million of 0% autocallable buffered index-linked notes due Oct. 25, 2027 linked 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 automatically called at par plus an annualized call premium of 13.2% if the index closes at or above 90% of its initial level on any quarterly call observation date starting Oct. 26, 2023.
If the notes are not called and the index return is at least negative 15%, the payout at maturity will be par. Investors will lose 1.1765% for each 1% loss beyond 15%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor | Goldman Sachs Group, Inc.
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Issue: | Autocallable buffered index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $25,321,000
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Maturity: | Oct. 25, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the notes are not called and the index return is at least negative 15% par; otherwise, 1.1765% loss for each 1% decline beyond 15%
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Call: | Automatically at par plus annualized call premium of 13.2% if the index closes at or above 90% of its initial index level on any quarterly call observation date starting Oct. 26, 2023
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Initial level: | 3,665.78
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Buffer level: | 85% of initial level
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Pricing date: | Oct. 20
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Settlement date: | Oct. 25
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0%
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Cusip: | 40057NQG5
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