By Wendy Van Sickle
Columbus, Ohio, Nov. 6 – GS Finance Corp. priced $1.16 million of autocallable buffered notes Nov. 6, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 12% if the index closes at or above its initial level on any quarterly call observation date after one year.
If the index finishes at or above its initial level, the payout at maturity will be the maximum settlement amount of $1,600 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 25% and will lose 1% for each 1% index decline beyond the 25% buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable buffered notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1.16 million
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Maturity: | Nov. 6, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 60%; if index falls by 25% or less, par; otherwise, 1% loss per 1% drop beyond 25%
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Call: | At par plus 12% annualized if index closes at or above initial level on quarterly observation date after one year
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Initial level: | 3,197.51
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Pricing date: | Nov. 1
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Settlement date: | Nov. 6
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Underwriter: | Goldman Sachs & Co.
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Fees: | 0.35%
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Cusip: | 40056EFB9
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