By Angela McDaniels
Tacoma, Wash., Dec. 4 – GS Finance Corp. priced $2.69 million of 0% autocallable index-linked notes due April 7, 2025 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 16.25% if each index closes at or above its initial level on April 1, 2024.
If the final level of each index is greater than its initial level, the payout at maturity will be par plus 1.5 times the lesser performing index’s return.
If the final level of each index is greater than or equal to 90% of its initial level but the final level of either index is less than or equal to its initial level, the payout will be par plus the absolute value of the lesser performing index’s return.
If the final level of either index is less than 90% of its initial level, investors will lose 1% for every 1% that the lesser performing index declines beyond 10%.
The notes are guaranteed by Goldman Sachs Group, Inc.
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 index-linked notes
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| Underlying indexes: | S&P 500 index and Russell 2000 index
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| Amount: | $2,686,000
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| Maturity: | April 7, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of each index is greater than initial level, par plus 1.5 times lesser performing index’s return; if final level of each index is greater than or equal to 90% of initial level but final level of either index is less than or equal to initial level, par plus absolute value of lesser performing index’s return; otherwise, 1% loss for every 1% that lesser performing index declines beyond 10%
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| Call: | Automatically at par plus 16.25% if each index closes at or above initial level on April 1, 2024
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| Initial levels: | 4,050.83 for S&P and 1,768.383 for Russell
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| Buffer levels: | 90% of initial levels
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| Pricing date: | March 30, 2023
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| Settlement date: | April 4, 2023
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.8%
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| Cusip: | 40057R5L8
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