New Issue: GS Finance prices $410,000 leveraged buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Nov. 16 – GS Finance Corp. priced $410,000 of 0% leveraged buffered index-linked notes due Nov. 4, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.125 times the index return. If the index return is zero or negative but not below negative 25%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 25%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered index-linked notes
Underlying index:	S&P 500 index
Amount:	$410,000
Maturity:	Nov. 4, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 1.125 times index return; if index return is zero or negative but not below negative 25%, par; otherwise, 1% loss for every 1% that index declines beyond 25%
Initial level:	3,871.98
Buffer level:	75% of initial level
Pricing date:	Oct. 31, 2022
Settlement date:	Nov. 3, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	1%
Cusip:	40057NFD4

© 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.