Chicago, Dec. 7 – GS Finance Corp. priced $180,000 of 0% leveraged notes May 4, 2023 linked to an equally weighted basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P MidCap 400 Value index with a 50% weight and the S&P 500 Value index with a 50% weight.
If the basket finishes above its initial level, the payout at maturity will be par plus two times any basket gain, capped at par plus 19%.
If the basket falls, investors will lose 1% for every 1% of decline from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged basket-linked notes
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| Underlying basket: | S&P MidCap 400 Value index (50%) and S&P 500 Value index (50%)
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| Amount: | $180,000
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| Maturity: | May 4, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If basket return is positive, par plus two times basket gain, capped at par plus 19%; otherwise, 1% loss for every 1% of basket decline from initial level
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| Initial levels: | 1,537.74 for Value, 879.74 for MidCap
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| Pricing date: | March 31
|
| Settlement date: | April 5
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 40057LBS9
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