By Kiku Steinfeld
Chicago, April 10 – GS Finance Corp. priced $715,000 of 0% autocallable index-linked notes due Dec. 23, 2027 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 16% call premium if the index closes at or above its initial level on Dec. 18, 2023.
If the notes are not called and the index closes at or above its initial level, the payout at maturity will be the index return. If it falls by up to 45.5%, the payout will be par. Otherwise, investors will be fully exposed to any losses of the index from its initial level.
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: | $715,000
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Maturity: | Dec. 23, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes above its initial level, par plus index return; par if it falls by up to 45.5%; otherwise, exposure to any losses of the index from its initial level
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Call: | At par plus a 16% call premium if index closes at or above initial level on Dec. 18, 2023
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Initial level: | 3,852.36
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Trigger level: | 54.5% of initial level
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Pricing date: | Dec. 16
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Settlement date: | Dec. 21
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 1.125%
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Cusip: | 40057PAN2
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