By Angela McDaniels
Tacoma, Wash., March 21 – GS Finance Corp. priced $199,000 of 0% autocallable index-linked notes due July 8, 2025 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 14% if each index closes at or above its initial level on July 1, 2024.
If the final level of each index is greater than its initial level, the payout at maturity will be par plus 1.25 times the lesser performing index’s return.
If the final level of either index is less than or equal to its initial level but the final level of each index is greater than or equal to 85% of its initial level, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the lesser performing index declines beyond 15%.
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 indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $199,000
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| Maturity: | July 8, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of each index is greater than initial level, par plus 1.25 times lesser performing index’s return; if final level of either index is less than or equal to initial level but final level of each index is greater than or equal to 85% of its initial level, par; otherwise, 1% loss for every 1% that lesser performing index declines beyond 15%
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| Call: | Automatically at par plus 14% if each index closes at or above initial level on July 1, 2024
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| Initial levels: | 1,888.734 for Russell and 4,450.38 for S&P
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| Buffer levels: | 85% of initial levels
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| Pricing date: | June 30, 2023
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| Settlement date: | July 6, 2023
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.68%
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| Cusip: | 40057RZX9
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