By Marisa Wong
Los Angeles, Aug. 13 – GS Finance Corp. priced $58.43 million of 0% autocallable buffered index-linked notes due Aug. 7, 2023 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.
The notes will be automatically called at par plus 5.2% if the index closes at or above the initial index level on Aug. 10, 2022.
If the notes have not been called and the index return is positive, the payout at maturity will be par plus the index return. If the index return is at least negative 20%, the payout will be par. Otherwise, investors will lose 1.25% for each 1% loss beyond 20%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $58.43 million
|
| Maturity: | Aug. 7, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par if index falls by up to 20%; otherwise, 1.25% loss for each 1% index decline beyond 20%
|
| Call: | Automatically at par plus 5.2% if the index closes at or above the initial level on Aug. 10, 2022
|
| Initial level: | 4,387.16
|
| Pricing date: | Aug. 2
|
| Settlement date: | Aug. 9
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.1%
|
| Cusip: | 40057J2B1
|
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