By Kiku Steinfeld
Chicago, Feb. 29 – GS Finance Corp. priced $505,000 of 0% autocallable index-linked notes due June 30, 2028 linked to the BlackRock Dynamic Factor index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically redeemed early at par plus an annualized 14% call return if the index closes above its call level on any annual call observation date. The first call level is 102% of the initial level with a 2% increase each year.
If the index return is positive, the payout at maturity will be par plus the index return. If the index return is zero or negative, the payout will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying index: | BlackRock Dynamic Factor index
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| Amount: | $505,000
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| Maturity: | June 30, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus index return; if index return is zero or negative, par
|
| Call: | Automatically at par plus 14% annualized call return if index closes above call level on any annual call observation date; first call level is 102% of initial level with 2% increase each year
|
| Initial level: | 925.99
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| Pricing date: | June 27, 2023
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| Settlement date: | June 30, 2023
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 3.99%
|
| Cusip: | 40057T4C5
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