By Kiku Steinfeld
Chicago, Oct. 31 – GS Finance Corp. priced $508,000 of 0% ETF-linked notes due April 3, 2026 linked to the least performing of the iShares MSCI Emerging Markets ETF and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final values of both funds are greater than their initial values, the payout at maturity will be 1.61 times the return of the least performing fund.
If either fund finishes below its initial value but at or above 90% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to the losses of the least performing fund in excess of 10%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | ETF-linked notes
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| Underlying funds: | iShares MSCI Emerging Markets ETF and iShares MSCI EAFE ETF
|
| Amount: | $508,000
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| Maturity: | April 3, 2026
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If both funds finish above initial values, 1.61 times return of least performing fund; if least performing fund finishes above buffer level, par, otherwise, exposure to losses of worst performer in excess of 10%
|
| Initial levels: | $39.46 for EM and $71.52 for EAFE
|
| Buffer levels: | 90% of initial levels
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| Pricing date: | March 31, 2023
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| Settlement date: | April 5, 2023
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.2%
|
| Cusip: | 40057RAY4
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