Chicago, Feb. 5 – GS Finance Corp. priced $700,000 of 0% index-linked notes due May 30, 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.
The payout at maturity will be based on whether the index ever closes below 80% of its initial level or above 110% of its initial level during the life of the notes.
If the index closes outside of that range, the payout will be par.
If the index stays between 80% and 110% of its initial level during the life of the notes, the payout will be par plus 26.3%.
Goldman Sachs & Co. LLC is the agent. JPMorgan is the placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $700,000
|
| Maturity: | May 30, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 26.3% if index stays between 80% and 110% of initial level during life of notes; otherwise, par
|
| Initial index level: | 4,130.62
|
| Downside trigger level: | 80% of initial level
|
| Upside trigger level: | 110% of initial level
|
| Pricing date: | May 12, 2023
|
| Settlement date: | May 17, 2023
|
| Agent: | Goldman Sachs & Co. LLC
|
| Placement agent: | JPMorgan
|
| Fees: | 1%
|
| Cusip: | 40057RW87
|
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