Chicago, May 12 – GS Finance Corp. priced $500,000 of 0% leveraged buffered notes due Feb. 21, 2024, linked to the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus 200% of any gain in the fund, capped at par plus 68%.
If the fund falls by up to 15%, the payout will be par.
Investors will be exposed to any decline in the fund beyond the 15% buffer.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered notes
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| Underlying fund: | ARK Innovation ETF
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| Amount: | $500,000
|
| Maturity: | Feb. 21, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at par plus 68%; par if fund falls by up to 15%; exposure to losses beyond 15%
|
| Initial level: | $39.42
|
| Buffer level: | 85% of initial level
|
| Pricing date: | June 17, 2022
|
| Settlement date: | June 23, 2022
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.45%
|
| Cusip: | 40057MG86
|
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