By Kiku Steinfeld
Chicago, Oct. 11 – GS Finance Corp. priced $500,000 of 0% notes due March 28, 2024 linked to the iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final share price is greater than 120% of the initial share price, the payout at maturity will be par plus 5%.
If the final share price is equal to or less than 120% of the initial share price but greater than the initial share price, the payout will be par plus the fund return.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Notes
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| Underlying fund: | iShares Silver Trust
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| Amount: | $500,000
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| Maturity: | March 28, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final share price is greater than 120% of initial share price, par plus 5%; if final share price is equal to or less than 120% of initial share price but greater than initial share price, par plus fund return; otherwise, par
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| Initial share price: | $21.22
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| Pricing date: | March 24, 2023
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| Settlement date: | March 29, 2023
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| Agents: | Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
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| Fees: | 1.25%
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| Cusip: | 40057R7K8
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