By Kiku Steinfeld
Chicago, Dec. 19 – GS Finance Corp. priced $600,000 of 0% autocallable buffered index-linked notes due April 25, 2028 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 a 7% call premium if the index closes at or above its initial level on April 27, 2023.
If the notes are not called and the index finishes positive, the payout at maturity will be par plus 1.25 times the index gain.
If the index falls by up to 40%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 40%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| 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: | $600,000
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| Maturity: | April 25, 2028
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus 1.25 times the index return; if the index falls by up to 40%, par; otherwise, 1% loss for every 1% decline beyond 40%
|
| Call: | At par plus a 7% call premium if index closes at or above initial level on April 27, 2023
|
| Initial level: | 4,459.45
|
| Buffer level: | 60% of initial level
|
| Pricing date: | April 20
|
| Settlement date: | April 25
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.25%
|
| Cusip: | 40057LRJ2
|
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