By Angela McDaniels
Tacoma, Wash., April 10 – GS Finance Corp. priced $379,000 of 0% buffered digital index-linked notes due Aug. 19, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to negative 9%, the payout at maturity will be $1,090 per $1,000 principal amount of notes.
If the index return is less than negative 9% but greater than or equal to negative 14%, the payout will be par plus the absolute value of the index return.
If the index return is below negative 14%, the payout will be par minus 1% for every 1% that the index declines beyond 14%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered digital index-linked notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $379,000
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| Maturity: | Aug. 19, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is greater than or equal to negative 9%, par plus 9%; if index return is less than negative 9% but greater than or equal to negative 14%, par plus absolute value of index return; otherwise, par minus 1% for every 1% that index declines beyond 14%
|
| Initial level: | 1,931.09
|
| Buffer level: | 86% of initial level
|
| Pricing date: | July 14, 2023
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| Settlement date: | July 19, 2023
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.43%
|
| Cusip: | 40057THV9
|
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