Chicago, Feb. 2 – GS Finance Corp. priced $733,000 of 0% buffered index-linked notes due June 13, 2024 based on the performance of 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 payout at maturity will be par plus 9.1% if the index return is positive.
If the index falls by up to 20%, the payout will be par plus half the absolute index return.
Otherwise, investors will lose 1% for every 1% decline beyond 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $733,000
|
| Maturity: | June 13, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 9.1% if index return is positive; par plus half absolute index return if index declines but not more than buffer; otherwise, 1% loss for each 1% decline beyond 20% buffer
|
| Initial index level: | 4,137.64
|
| Buffer level: | 80% of initial level
|
| Pricing date: | May 10, 2023
|
| Settlement date: | May 15, 2023
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.43%
|
| Cusip: | 40057RR59
|
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