By Angela McDaniels
Tacoma, Wash., Jan. 17 – GS Finance Corp. priced $356,000 of 0% absolute return trigger index-linked notes due May 1, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A barrier event occurs if the index closes above 130% of the initial index level or below 70% of the initial index level during the life of the notes.
If a barrier event has occurred, the payout at maturity will be par plus 12%.
If a barrier event has not occurred, the payout will be par plus the absolute value of the index return.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Absolute return trigger index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $356,000
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| Maturity: | May 1, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If barrier event has occurred, par plus 12%; if barrier event has not occurred, par plus absolute value of index return
|
| Barrier event: | Index closes above 130% of initial index level or below 70% of initial index level during life of notes
|
| Initial level: | 4,169.48
|
| Pricing date: | April 28, 2023
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| Settlement date: | May 3, 2023
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 40057RCK2
|
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