By Kiku Steinfeld
Chicago, Oct. 17 – GS Finance Corp. priced $879,000 of 0% leveraged buffered index-linked notes due Feb. 25, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the index return is zero or positive, the payout at maturity will be par plus 138% of the index return.
If the index return is negative but not less than its 80% buffer level, the payout will be par.
Otherwise, investors will be exposed to the index’s decline beyond 20%.
Goldman, Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered index-linked
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $879,000
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| Maturity: | Feb. 25, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 138% of any index gain; par if index falls by up to 20%; if index falls by more than 20%, exposure to the index’s decline beyond buffer
|
| Initial price: | 4,074.28
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| Buffer: | 80% of initial level
|
| Pricing date: | Feb. 18, 2022
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| Settlement date: | Feb. 24, 2022
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| Underwriter: | Goldman, Sachs & Co. LLC
|
| Fees: | 2.75%
|
| Cusip: | 40057KYE7
|
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