New Issue: GS Finance sells $790,000 index-linked notes on S&P 500

By Kiku Steinfeld

Chicago, Feb. 21 – GS Finance Corp. priced $790,000 of 0% index-linked notes due Nov. 29, 2023, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the return of the index is zero or positive, the payout at maturity will be par plus the index gain capped at 7%.

If the index declines but closes at or above 66.37% of its initial level, the payout will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to the index’s decline from its initial level.

Goldman Sachs & Co. LLC is the agent with JPMorgan as placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500 index
Amount:	$790,000
Maturity:	Nov. 29, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is zero or positive, par plus index return subject to a maximum payout of par plus 7%; if the index falls but the final underlier level is greater than or equal to the trigger buffer level, par plus the absolute return of the index; if the index falls below trigger buffer, investors will be fully exposed to the index’s decline from its initial level
Initial level:	3,992.93
Trigger buffer level:	66.37% of initial levels
Pricing date:	Nov. 11, 2022
Settlement date:	Nov. 16, 2022
Agents:	Goldman Sachs & Co. LLC with JPMorgan as placement agent
Fees:	1%
Cusip:	40057NXN2

© 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.