Chicago, May 16 – GS Finance Corp. $500,000 of 0% autocallable index-linked notes due June 23, 2027 tied to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus a 12.75% annualized call premium if the index closes at or above its initial level on any monthly call observation date starting after one year.
If the notes are not called and the index finishes positive, the payout at maturity will be par plus 63.75%.
If the index falls by up to 30%, the payout will be par. Otherwise, investors will be fully exposed to any index decline.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
|
| Underlying index: | Nasdaq-100 index
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| Amount: | $500,000
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| Maturity: | June 23, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above its initial level, par plus 63.75%; if index falls by up to 30%, par; otherwise, investors will lose 1% for every 1% decline from initial level
|
| Call: | At par plus a 12.75% annualized call premium if index closes at or above initial level on any monthly call observation date starting after one year
|
| Initial level: | 11,593.77
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| Trigger buffer level: | 75% of initial level
|
| Pricing date: | June 16, 2022
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| Settlement date: | June 23, 2022
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.5%
|
| Cusip: | 40057MG94
|
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