By Kiku Steinfeld
Chicago, April 30 – GS Finance Corp. priced $1.48 million of autocallable contingent coupon index-linked notes due Aug. 7, 2026 linked 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.
If the index closes at or above its 85% coupon trigger level on the corresponding observation date, investors will receive a contingent monthly coupon of 8% per year.
The notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any monthly observation date after one year.
The payout at maturity will be par plus the coupon if the index closes at or above 85% of its initial level. If index loses more than 15%, investors will lose 1% for each 1% index decline beyond 15%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon | index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,484,000
|
| Maturity: | Aug. 7, 2026
|
| Contingent coupon: | 8% annualized, payable monthly if the index closes at or above coupon trigger level on the corresponding monthly observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus the coupon if the index closes at or above 85% of its initial level, otherwise investors will lose 1% for each 1% index decline beyond 15%
|
| Call: | Automatically at par plus contingent coupon if the index closes at or above initial level on any monthly observation date after one year
|
| Initial levels: | 4,588.96
|
| Coupon trigger level: | 85% of initial level
|
| Buffer level: | 85% of initial level
|
| Pricing date: | July 31, 2023
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| Settlement date: | Aug. 3, 2023
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.63%
|
| Cusip: | 40057THQ0
|
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