Chicago, Sept. 18 – GS Finance Corp. priced $30,000 of 0% index-linked notes due Sept. 3, 2027 linked to the performance of 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 return of the index is positive, the payout at maturity will be par plus the return of the index.
If the index declines but not more than 12%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be exposed to the losses of the index beyond a 24% buffer.
As a note, if the index return is above 76% of its initial level the payout will be zero or positive and will be ne negative if the index is below that level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $30,000
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| Maturity: | Sept. 3, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus index return if return is positive; par plus absolute value of index return if index declines but not more than 12%; otherwise, exposure to losses of index plus 24% buffer
|
| Initial level: | 3,955
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| Threshold level: | 88% of initial level
|
| Pricing date: | Aug. 31, 2022
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| Settlement date: | Sept. 6, 2022
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| Agents: | Goldman Sachs & Co. LLC
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| Fees: | 1%
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| Cusip: | 40057MSV2
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