By Kiku Steinfeld
Chicago, Sept. 16 – GS Finance Corp. priced $1.16 million of 0% market-linked securities – leveraged upside participation to a cap and fixed-percentage buffered downside due Aug. 2, 2023 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus 200% of any gain in the index up to a maximum of par plus 15.7%.
If the index falls but not beyond 7.5%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond 7.5%.
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 – leveraged upside participation to a cap and fixed-percentage buffered downside
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| Underlying index: | Nasdaq-100
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| Amount: | $1,156,000
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| Maturity: | Aug. 2, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any gain index up to a maximum of par plus 15.7%; par if index falls by up to 7.5%; otherwise, 1% loss for every 1% decline beyond 7.5%
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| Initial level: | 14,454.61
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| Buffer level: | 92.5% of initial level
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| Pricing date: | Jan. 28, 2022
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| Settlement date: | Feb. 2, 2022
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| Agents: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
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| Fees: | 2.475%
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| Cusip: | 40057KN58
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