By Kiku Steinfeld
Chicago, Nov. 29 – GS Finance Corp. priced $524,000 of 12% autocallable fixed-coupon notes due May 20, 2024 linked to the common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable monthly.
The notes will be automatically called at par plus the coupon if the stock closes at or above its initial level on any monthly call observation date after six months.
If the notes are not subject to an automatic call, the payout at maturity will be par unless the stock finishes below the 60% trigger level, in which case investors will lose 1% for each 1% decline of the stock from its initial level.
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 fixed-coupon notes
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Underlying stock: | Nvidia Corp.
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Amount: | $524,000
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Maturity: | July 22, 2024
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Coupon: | 12%, payable monthly
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Price: | Par
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Call: | At par plus the coupon if the stock closes at or above its initial level on any monthly call observation date after six months
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Payout at maturity: | Par unless the stock finishes below the trigger level, in which case investors will lose 1% for each 1% decline of the stock from its initial level
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Initial level: | $267.58
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Trigger level: | 60% of initial level
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Pricing date: | April 14, 2023
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Settlement date: | April 19, 2023
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.75%
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Cusip: | 40057RGA0
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