By William Gullotti
Buffalo, N.Y., May 25 – GS Finance Corp. priced $1.34 million of 0% autocallable index-linked notes due May 25, 2027 tied 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 called at par plus a 10% call premium if the index closes at or above its initial level on May 18, 2023.
If the notes are not called and the index finishes positive, the payout at maturity will be par plus 2.5 times the index return.
If the index declines by up to 30%, the payout will be par; otherwise, investors will be fully exposed to the decline of the index from its initial level.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan is acting as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,338,000
|
| Maturity: | May 25, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus 2.5 times the index return; if the index declines by up to 30%, par; otherwise, full exposure to the decline of the index from its initial level
|
| Call: | At par plus a 10% call premium if index closes at or above initial level on May 18, 2023
|
| Initial level: | 3,900.79
|
| Barrier level: | 70% of initial level
|
| Pricing date: | May 19
|
| Settlement date: | May 24
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Placement agent: | JPMorgan
|
| Fees: | 0.73%
|
| Cusip: | 40057M3P2
|
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