New Issue: GS Finance prices $809,000 index-linked trigger notes on S&P 500

Chicago, Aug. 21 – GS Finance Corp. priced $809,000 of 0% index-linked trigger notes due Aug. 8, 2024 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the final level of the index is equal to or greater than the initial level, investors will receive par plus the return of the index. The payout will be par if the index declines but not beyond 76.6% of the initial level.

Otherwise, investors will be fully exposed to the losses of the index.

Goldman Sachs & Co. LLC is the underwriter. JPMorgan is working as the placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked trigger notes
Underlying index:	S&P 500 index
Amount:	$809,000
Maturity:	Aug. 8, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus index return if index finishes positive; par if index declines but not beyond barrier; otherwise, full exposure to losses of index
Initial index level:	4,145.19
Trigger level:	76.6% of initial level
Pricing date:	Aug. 5, 2022
Settlement date:	Aug. 10, 2022
Underwriter:	Goldman Sachs & Co. LLC
Placement agent:	JPMorgan Securities LLC
Fees:	1.5%
Cusip:	40057MU98

© 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.