New Issue: GS Finance prices $660,000 index-linked notes tied to S&P 500

By Kiku Steinfeld

Chicago, Feb. 6 – GS Finance Corp. priced $660,000 of 0% index-linked notes due May 9, 2024 tied 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 above 106.75% of the initial level, the payout at maturity will be par plus the index return, subject to a maximum settlement amount of $1,092 per $1,000 face amount.

If the index finishes at or below 106.75% of the initial level, the payout will be $1,067.50 per $1,000 face amount.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500
Amount:	$660,000
Maturity:	May 9, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes above 106.75% of the initial level, par plus the index return, subject to a maximum settlement amount of $1,092 per $1,000 face amount; otherwise, $1,067.50 per each $1,000 face amount
Initial level:	3,770.55
Pricing date:	Nov. 4, 2022
Settlement date:	Nov. 9, 2022
Underwriter:	Goldman Sachs & Co.
Fees:	0.35%
Cusip:	40057NX28

© 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.