Chicago, Aug. 16 – GS Finance Corp. priced $350,000 of 0% autocallable buffered fund-linked notes due July 24, 2024 tied to the Technology Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus 12.4% if the ETF closes above its initial level on Aug. 15, 2023.
If the ETF finishes above 90% of its initial level, the payout at maturity will be the greater of par plus the fund return or par plus 24.8%.
Otherwise, investors will lose 1.1111% for every 1% decline beyond 10%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable buffered fund-linked notes
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| Underlying ETF: | Technology Select Sector SPDR Fund
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| Amount: | $350,000
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| Maturity: | July 24, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus greater of 24.8% or return of fund if fund finishes above buffer level; otherwise, 1.1111% loss for every 1% decline beyond 10%
|
| Call: | At par plus 12.4% if ETF closes above initial level on Aug. 15, 2023
|
| Initial ETF level: | $139.14
|
| Buffer level: | 90% of initial level
|
| Pricing date: | July 21, 2022
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| Settlement date: | July 28, 2022
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.5%
|
| Cusip: | 40057MGD5
|
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