Chicago, April 26 – GS Finance Corp. priced $797,000 of 0% trigger autocallable gears due May 31, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above its initial level on May 26, 2023, the notes will be automatically called at par plus 12.65%.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 1.25 times the index gain.
If the index declines but finishes above its 75% downside threshold level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index’s final level is below its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger autocallable gears
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| Underlying index: | S&P 500 index
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| Amount: | $797,000
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| Maturity: | May 31, 2024
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| Coupon: | 0%
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| Price: | Par of $10
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| Call: | At par plus 12.65% if the index closes at or above its initial level on May 26, 2023
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| Payout at maturity: | If index gains, par plus 1.25 times the gain; par if index falls by 25% or less; full exposure to losses if index finishes below downside threshold level
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| Initial index level: | 3,978.73
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| Downside threshold: | 2,984.05, 75% of initial level
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| Pricing date: | May 25, 2022
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| Settlement date: | May 31, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
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| Selling agent: | UBS Financial Services Inc.
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| Fees: | 2%
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| Cusip: | 36263Q397
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