By Wendy Van Sickle
Columbus, Ohio, July 27 – GS Finance Corp. priced $12.04 million of 0% autocallable index-linked notes due July 29, 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 a 4.8% call premium if the index closes at or above its initial level on July 31, 2023.
If the notes are not called, the payout at maturity will be par plus double the index return if the index finishes at or above its initial level.
Otherwise, investors will receive par.
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 index: | S&P 500 index
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| Amount: | $12.04 million
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| Maturity: | July 29, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above its initial level, par plus two times the index return; otherwise, par
|
| Call: | At par plus a 4.8% call premium if index closes at or above initial level on July 31, 2023
|
| Initial level: | 3,961.63
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| Pricing date: | July 22
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| Settlement date: | July 27
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 2.25%
|
| Cusip: | 40057MPH6
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