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Published on 12/12/2022 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $1.11 million leveraged market-linked buffered notes on Netflix

By William Gullotti

Buffalo, N.Y., Dec. 12 – GS Finance Corp. priced $1.11 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Nov. 20, 2023 linked to the Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 300% of any gain in the stock, subject to a maximum return of par plus 36%.

If the stock falls by up to 15%, the payout will be par.

Investors will lose 1% for every 1% decline of the stock beyond the 15% buffer.

The securities are guaranteed by Goldman Sachs Group, Inc.

Wells Fargo Securities LLC and Goldman Sachs & Co. LLC are the agents.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying stock:Netflix, Inc.
Amount:$1,105,000
Maturity:Nov. 20, 2023
Coupon:0%
Price:Par
Payout at maturity:Par plus 300% of any stock gain, capped at par plus 36%; if stock falls by up to 15%, par; otherwise, 1% loss for every 1% decline of stock beyond 15% buffer
Initial level:$230.00
Buffer level:85% of initial level
Pricing date:Oct. 14
Settlement date:Oct. 21
Agent:Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
Fees:3%
Cusip:40057NH83

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