By William Gullotti
Buffalo, N.Y., June 22 – GS Finance Corp. priced $5 million of 0% autocallable index-linked notes due June 20, 2025 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 an 8.55% call premium if the index closes at or above its initial level on June 14, 2023.
If the notes are not called, the payout at maturity will be par plus the index return if the index finishes at or above its initial level.
If the index declines, investors will receive par.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
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| Underlying index: | S&P 500 index
|
| Amount: | $5 million
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| Maturity: | June 20, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus the index return; otherwise, par
|
| Call: | At par plus an 8.55% call premium if index closes at or above initial level on June 14, 2023
|
| Initial level: | 3,735.48
|
| Strike date: | June 14
|
| Pricing date: | June 15
|
| Settlement date: | June 21
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | None
|
| Cusip: | 40057MFK0
|
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