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

Chicago, Dec. 4 – GS Finance Corp. priced $500,000 of 0% digital index-linked notes due Oct. 29, 2025 linked 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 index finishes at or above its barrier level, 70% of initial level, the payout at maturity will be par plus 29.8%.

Otherwise, investors will lose 1% for every 1% that the index declines from the initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$500,000
Maturity:	Oct. 29, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above barrier level, par plus 29.8%; otherwise, 1% loss for every 1% of index decline from initial level
Initial index level:	3,830.60
Barrier level:	70% of initial level
Pricing date:	Oct. 26, 2022
Settlement date:	Nov. 2, 2022
Agent:	Goldman Sachs & Co. LLC
Fees:	2.25%
Cusip:	40057NQY6

© 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.