By Kiku Steinfeld
Chicago, April 26 – GS Finance Corp. priced $266,000 of 0% absolute return trigger index-linked notes due Dec. 26, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A barrier event will occur if the index closing level has increased or decreased from its initial level by more than 30% any day during the life of the notes.
If a barrier event has occurred, the payout at maturity will be par plus 13.5%.
If a barrier event has not occurred, the payout at maturity will be par plus the absolute value of the index return.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Absolute return trigger index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $266,000
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| Maturity: | Dec. 26, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index increases or decreases by more than 30% on any day during the life of the notes, par plus 13.5%; otherwise, par plus absolute value of index return
|
| Initial level: | 3,822.39
|
| Barrier level: | 70% of initial level
|
| Pricing date: | Dec. 22, 2022
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| Settlement date: | Dec. 28, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 40057P5X6
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