By Kiku Steinfeld
Chicago, May 3 – GS Finance Corp. priced $792,000 of 0% market-linked notes – autocallable with upside participation and principal return at maturity due Jan. 3, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus a 7.4% call premium if the index closes at or above its initial level on Jan. 3, 2024.
The payout at maturity will be par plus 100% of any index gain.
Otherwise, investors will receive par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Market-linked notes – autocallable with upside participation and principal return at maturity
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| Underlying index: | S&P 500 index
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| Amount: | $792,000
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| Maturity: | Jan. 3, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain; otherwise, par
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| Call: | Automatically at par plus a 7.4% call premium if the index closes at or above initial level on Jan. 3, 2024
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| Initial level: | 3,783.22
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| Pricing date: | Dec. 28, 2022
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| Settlement date: | Jan. 3, 2023
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| Agents: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
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| Fees: | 2.825%
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| Cusip: | 40057P4C3
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