By Angela McDaniels
Tacoma, Wash., Nov. 15 – GS Finance Corp. priced $1.12 million of 0% index-linked notes due Nov. 5, 2024 linked to the Dow Jones U.S. Select Dividend index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of each index is greater than or equal to zero, the payout at maturity will be par plus the lesser performing index’s return, subject to the maximum settlement amount of $1,750 per $1,000 principal amount of notes.
If the return of either index is less than zero but the return of each index is greater than or equal to negative 30%, the payout will be par plus the absolute value of the lesser performing index’s return.
If the return of either index is less than negative 30%, investors will be exposed to the index’s decline from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying indexes: | Dow Jones U.S. Select Dividend index and S&P 500 index
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| Amount: | $1,118,000
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| Maturity: | Nov. 5, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If return of each index is greater than or equal to zero, par plus lesser performing index’s return, subject to maximum return of 75%; if return of either index is less than zero but return of each index is greater than or equal to negative 30%, par plus absolute value of lesser performing index’s return; otherwise, exposure to index’s decline from its initial level
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| Initial levels: | 843.07 for Dow index and 3,871.98 for S&P index
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| Barrier levels: | 70% of initial level
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| Pricing date: | Oct. 31, 2022
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| Settlement date: | Nov. 3, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.54%
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| Cusip: | 40057NHZ3
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