By Wendy Van Sickle
Columbus, Ohio, Nov. 16 – GS Finance Corp. priced $85,000 of 0% underlier-linked notes due Nov. 6, 2023 linked to the Nasdaq-100 index and the SPDR Gold Trust, 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 15% annualized premium if each asset closes at or above initial level on an annualized call premium.
If the return of each underlier is zero or positive, the payout at maturity will be par plus 45%.
If the return of each underlier is negative but greater than or equal to negative 40%, the payout will be par.
If either underlier falls by more than 40%, investors will be fully exposed to the decline of the lesser performer.
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 underlier-linked notes
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| Underlying assets: | Nasdaq-100 index, SPDR Gold Trust
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| Amount: | $85,000
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| Maturity: | Nov. 6, 2023
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 15% annualized premium if each asset closes at or above initial level on an annual call date
|
| Payout at maturity: | If the return of each underlier is zero or positive, par plus 45%; if the return of each underlier is negative but greater than or equal to negative 40%, par; if either underlier falls by more than 40%, investors will be fully exposed to the decline of the lesser performer
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| Initial levels: | $176.20 for ETF, 11,052.95 for Nasdaq
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| Pricing date: | Oct. 30
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| Settlement date: | Nov. 4
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 1.19%
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| Cusip: | 40057ED95
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