New Issue: GS Finance sells $172,000 market-linked securities on Stoxx index

Chicago, May 24 – GS Finance Corp. priced $172,000 of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due July 7, 2025 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, capped at par plus 50%.

If the index declines by up to 15%, the payout will be par.

If the index declines by more than 15%, investors will be exposed to the decline of the index beyond 15%.

Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC are the agents.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	Euro Stoxx 50 index
Amount:	$172,000
Maturity:	July 7, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, par plus 200% of the index return, capped at par plus 50%; if the index declines by up to 15%, par; if the index declines by more than 15%, investors will be exposed to the decline of the index beyond 15%
Initial index level:	3,514.32
Buffer level:	85% of initial level
Pricing date:	June 29, 2022
Settlement date:	July 5, 2022
Underwriters:	Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC
Fees:	3.41%
Cusip:	40057M6X2

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.