By Kiku Steinfeld
Chicago, Jan. 29 – GS Finance Corp. priced $25,000 of 0% index-linked notes due June 26, 2024 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.
If the index return is positive, the payout at maturity will be par plus the index gain, subject to a maximum settlement amount of $1,140.10 per $1,000 principal amount.
If the index falls flat or declines by up to 20%, the payout will be par.
Otherwise, investors will be exposed to the full decline of the index from its initial level.
Goldman Sachs & Co. LLC is the agent with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $25,000
|
| Maturity: | June 26, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 14.01%; par if index declines by no more than 20%; otherwise, investors will be exposed to the full decline of the index
|
| Initial index level: | Lowest of index closing levels on each trading day of from pricing date to and including June 30, 2023
|
| Trigger buffer level: | 80% of initial level
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| Pricing date: | June 9, 2023
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| Settlement date: | June 14, 2023
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| Agents: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
|
| Fees: | 1%
|
| Cusip: | 40057TAS3
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