Chicago, Feb. 5 – GS Finance Corp. priced $654,000 of 0% buffered index-linked notes due Nov. 17, 2025 based on the performance of 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 payout at maturity will be par plus the index return, capped at par plus 31.5%, if the index return is positive.
If the index falls by up to 20%, the payout will be par plus the absolute index return.
Otherwise, investors will lose 1% for every 1% decline beyond 20%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Buffered index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $654,000
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Maturity: | Nov. 17, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus index return, capped at par plus 31.15% if index return is positive; par plus absolute index return if index declines but not more than buffer; otherwise, 1% loss for each 1% decline beyond 20% buffer
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Initial index level: | 4,124.08
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Buffer level: | 80% of initial level
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Pricing date: | May 12, 2023
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Settlement date: | May 17, 2023
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.53%
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Cusip: | 40057RTZ1
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