By Kiku Steinfeld
Chicago, April 26 – GS Finance Corp. priced $2.91 million of 0% market-linked securities – autocallable with leveraged upside participation and fixed percentage buffered downside due Aug. 3, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium of 11.3% if the index closes at or above the initial level on Aug. 2, 2024.
If the notes are not called and the index finishes positive, the payout at maturity will be par plus 1.5 times the gain of the index.
Investors will receive par if the index falls by up to 15% and lose 1% for every 1% decline beyond 15%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Market-linked securities – autocallable with leveraged upside participation and fixed percentage buffered downside
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $2,913,000
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| Maturity: | Aug. 3, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index finishes positive, par plus 1.5 times index return; par if index falls by no more than 15%; otherwise, 1% loss for every 1% decline beyond 15%
|
| Call: | Automatically at par plus 11.3% call premium if the index closes at or above the initial level on Aug. 2, 2024
|
| Initial level: | 4,466.50
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| Buffer level: | 85% of initial level
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| Pricing date: | July 28, 2023
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| Settlement date: | Aug. 2, 2023
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| Agents: | Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC
|
| Fees: | 2.575%
|
| Cusip: | 40057TGZ1
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