By Wendy Van Sickle
Columbus, Ohio, April 21 – GS Finance Corp. priced $4.58 million of 0% autocallable buffered index-linked notes due April 22, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus 8% if the index closes at or above the initial index level on April 25, 2023.
If the notes are not called and the index return is positive, the payout at maturity will be par plus 1.66 times the index return. Investors will receive par if the index falls by up to 30% and will lose 1% for each 1% loss beyond 30%.
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 buffered index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $4,577,000
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| Maturity: | April 22, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and the index return is positive, par plus 1.66 times the index return; par if the index falls by up to 30%; 1% loss for each 1% loss beyond 30%
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| Call: | Automatically at par plus 8% of par if the index closes at or above the initial index level on April 25, 2023
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| Initial level: | 4,391.69
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| Buffer level: | 70% of initial level
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| Pricing date: | April 18
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| Settlement date: | April 21
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 40057LT27
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