Chicago, Feb. 12 – GS Finance Corp. priced $690,000 of 0% index-linked notes due Aug. 29, 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 increases or decreases by more than 15% during the life of the notes.
If the index stays within the range of 85% to 115% of its initial value, the payout at maturity will be par plus 12%.
If it goes outside of that range, but the index finishes above 80% of its initial level, the payout will be par plus 6%.
Otherwise, the payout will be par plus the sum of the index return and 26%.
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: | Index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $690,000
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| Maturity: | Aug. 29, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 12% if index never closes below 85% or above 115% of initial level during life of notes; if index closes below 85% or above 115% of initial level during life of notes and finishes above 80% of initial level, par plus 6%; otherwise, par plus sum of index return and 26%
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| Initial index level: | 4,151.28
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| Threshold level: | 80% of initial level
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| Buffer: | 26%
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| Pricing date: | May 25, 2023
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| Settlement date: | May 31, 2023
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.875%
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| Cusip: | 40057RXE3
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