By Wendy Van Sickle
Columbus, Ohio, July 26 – GS Finance Corp. priced $3.36 million of 0% autocallable buffered index-linked notes due July 25, 2024 linked 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 automatically called at par plus 11.2% if the index closes at or above its initial level on Aug. 2, 2023.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the return of the index.
Investors will receive par if the index declines but finishes above its 85% buffer level.
Otherwise, investors will be exposed to any losses of the index beyond the 15% buffer.
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable buffered index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,358,000
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| Maturity: | July 25, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times index return if index finishes positive; par if index declines but not beyond buffer; otherwise, 1% loss for each 1% decline beyond buffer
|
| Call: | Automatically at par plus 11.2% if the index closes at or above its initial level on Aug. 2, 2023
|
| Initial level: | 3,998.95
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| Buffer level: | 85% of initial level
|
| Pricing date: | July 21
|
| Settlement date: | July 26
|
| Agents: | Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
|
| Fees: | 1.75%
|
| Cusip: | 40057MND7
|
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