By Kiku Steinfeld
Chicago, April 30 – GS Finance Corp. priced $1.2 million of 0% autocallable index-linked notes due Aug. 7, 2025 tied to the Nasdaq-100 index and 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 13.25% call premium if the lesser performing index closes at or above its initial level on July 31, 2024.
If the notes are not called and the lesser performing index finishes positive, the payout at maturity will be par plus 2.5 times the gain of the lesser performing index.
If the lesser performing index declines but finishes above its 80% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to the losses of the lesser performer.
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: | Autocallable index-linked notes
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| Underlying indexes: | S&P 500, Nasdaq-100
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| Amount: | $1.2 million
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| Maturity: | Aug. 7, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the lesser performing index finishes at or above initial level, par plus 2.5 times that index’s return; if the lesser performer declines by up to 20%, par; otherwise, 1% loss for each 1% decline of lesser performer
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| Call: | At par plus a 13.25% call premium if lesser performer closes at or above initial level on July 31, 2024
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| Initial levels: | 4,588.96 for S&P, 15,757.00 for Nasdaq
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| Barrier levels: | 80% of initial level
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| Pricing date: | July 31, 2023
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| Settlement date: | Aug. 3, 2023
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.8%
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| Cusip: | 40057TF58
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