By Kiku Steinfeld
Chicago, July 19 – GS Finance Corp. priced $500,000 of 0% autocallable buffered index-linked notes due Feb. 20, 2026 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 premium of 9.1% per year if the index closes at or above its initial level on either of two yearly call observation dates.
If the notes are not called and the index return is positive, the payout at maturity will be par plus 27.3%.
Investors will receive par if the index falls by up to 30% and will lose 1.4286% for each 1% loss beyond 30%.
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: | $500,000
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| Maturity: | Feb. 20, 2026
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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 positive, par plus 27.3%; par if the index falls by up to 30%; otherwise, 1.4286% loss for each 1% decline beyond 30%
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| Call: | Automatically at par plus 9.1% per year if the index closes at or above its initial level on either of two yearly call observation dates
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| Initial level: | 4,147.60
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| Buffer level: | 70% of initial level
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| Pricing date: | Feb. 15, 2023
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| Settlement date: | Feb. 21, 2023
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.6%
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| Cusip: | 40057PM41
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