Chicago, Dec. 11 – GS Finance Corp. priced $280,000 of 0% autocallable ETF-linked notes due May 11, 2026 tied to the iShares MSCI EAFE Value ETF and the iShares MSCI EAFE Growth ETF, 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 an 11.2% call premium if each ETF closes at or above its initial value on May 3, 2024.
If the return of each ETF is zero or positive, the payout at maturity will par plus 150% of the return of the lesser performing ETF.
If the worst performer falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the worst performer beyond 10%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable ETF-linked notes
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| Underlying ETFs: | iShares MSCI EAFE Value ETF and the iShares MSCI EAFE Growth ETF
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| Amount: | $280,000
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| Maturity: | May 11, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the return of each fund is flat or positive, par plus 150% of laggard ETF return; if worst performer falls by up to 10%, par; otherwise, 1% loss for every 1% decline of worst performer beyond 10%
|
| Call: | Automatically at par plus an 11.2% call premium if each ETF closes at or above its initial value on May 3, 2024
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| Initial values: | $49.44 for EAFE Value, $95.60 for EAFE Growth
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| Buffer levels: | 90% of initial levels
|
| Pricing date: | May 3, 2023
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| Settlement date: | May 8, 2023
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.2%
|
| Cusip: | 40057RHQ4
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