By Wendy Van Sickle
Columbus, Ohio, Nov. 16 – GS Finance Corp. priced $9.5 million of 0% autocallable index-linked notes due May 14, 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 Nov. 16, 2023.
If the notes are not called, the payout at maturity will be par plus 1.2742 times the index return if the index finishes at or above its initial level.
Investors will receive par if the index falls by up to 20% and will be fully exposed to losses if the index falls by more than 20%
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: | $9.5 million
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Maturity: | May 14, 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 1.2742 times the index return; par if index falls by up to 20%; full exposure to losses if index falls by more than 20%
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Call: | At par plus 18% call premium if index closes at or above initial level on Nov. 16, 2023
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Initial level: | 11,605.96
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Pricing date: | Nov. 11
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Settlement date: | Nov. 16
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 3.75%
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Cusip: | 40057NY27
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