Chicago, Feb. 13 – GS Finance Corp. priced $291,000 of autocallable contingent coupon index-linked notes due Jan. 5, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each month, the notes pay a coupon equal to 7.5% per year if the index closes at or above 85% of the initial index level on the observation date for that period.
Beginning after one year, the notes will be automatically called at par if the index closes at or above the initial index level on any monthly observation date.
The payout at maturity will be par if the index finishes above its 85% buffer level.
Otherwise, investors will have a 1% loss for each 1% decline beyond the 15% buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $291,000
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| Maturity: | Jan. 5, 2027
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| Coupon: | 7.5% per year, payable monthly if index closes at or above 85% of initial index level on observation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par if index finishes above buffer level; otherwise, 1% loss for each 1% decline beyond 15% buffer
|
| Call: | Beginning after one year, automatically at par if index closes at or above initial index level on any monthly observation date
|
| Initial level: | 4,783.35
|
| Coupon barrier level: | 85% of initial level
|
| Buffer level: | 85% of initial level
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| Pricing date: | Dec. 28, 2023
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| Settlement date: | Jan. 3, 2024
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 40057XE27
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