Chicago, Feb. 27 – GS Finance Corp. priced $513,000 of 6.3% callable fixed-coupon buffered index-linked notes due May 12, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are callable at par plus any coupon on any quarterly coupon payment date starting after one year.
If the notes are not called, the payout at maturity will be par plus any final coupon unless the index finishes below its 80% buffer level, in which case investors will be exposed to any losses of the index beyond the 20% buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable fixed-coupon buffered index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $513,000
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| Maturity: | May 12, 2025
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| Coupon: | 6.3% per year, payable quarterly
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| Price: | Par
|
| Payout at maturity: | Par plus any coupon unless index closes below buffer level, in which case 1% loss for each 1% decline beyond 20% buffer
|
| Call option: | At par plus any coupon on any quarterly interest payment date beginning after one year
|
| Initial level: | 4,001.05
|
| Buffer level: | 80% of initial level
|
| Pricing date: | May 10, 2022
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| Settlement date: | May 12, 2022
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| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0%
|
| Cusip: | 40057M2H1
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