New Issue: GS Finance prices $400,000 autocallable buffered basket-linked notes

Chicago, Dec. 11 – GS Finance Corp. priced $400,000 of autocallable buffered basket-linked notes due May 10, 2028, according to a 424B2 filing with the Securities and Exchange Commission.

The equally-weighted basket consists of the S&P 500 index and the Russell 2000 index.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will be automatically called at par plus a 13.95% call premium if the basket closes at or above its initial level on May 3, 2024.

If the basket return is positive, the payout at maturity will be par plus the basket return.

If the basket finishes flat or declines up to 20%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the basket declines beyond 20%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable buffered basket-linked notes
Underlying basket:	S&P 500 index, Russell 2000 index; equal weights
Amount:	$400,000
Maturity:	May 10, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket return is positive, par plus the basket return; if the basket finishes flat or declines up to 20%, par; otherwise, lose 1% for every 1% that the basket declines beyond buffer
Call:	Automatically at par plus a 13.95% call premium if the basket closes at or above its initial level on May 3, 2024
Initial levels:	4,090.75 for S&P, 1,739.284 for Russell
Buffer level:	80% of initial level
Pricing date:	May 3, 2023
Settlement date:	May 8, 2023
Agent:	Goldman Sachs & Co. LLC
Fees:	1.125%
Cusip:	40057RKH0

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.