Chicago, May 25 – GS Finance Corp. priced $150,000 of market-linked securities – autocallable with contingent coupon and contingent downside due June 29, 2023 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 pay a 4.2% contingent monthly coupon if the index closes above its 60% coupon threshold level on a related observation date.
The notes will be called at par if the index closes above its initial level on any monthly call observation date starting after six months.
The payout at maturity will be par if the index closes above its 60% downside threshold level.
Otherwise, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Market-linked securities – autocallable with contingent coupon and contingent downside
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| Underlying index: | Nasdaq-100 index
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| Amount: | $150,000
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| Maturity: | June 29, 2023
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| Coupon: | 4.2% annual rate, payable monthly if index closes above coupon threshold level on related observation date
|
| Price: | Par
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| Payout at maturity: | Par if index closes above downside threshold level; otherwise, full exposure to losses
|
| Call: | At par on any monthly call observation date starting after six months if index closes above initial level
|
| Initial index level: | 11,503.72
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| Coupon threshold level: | 60% of initial level
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| Buffer level: | 60% of initial level
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| Pricing date: | June 30, 2022
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| Settlement date: | July 6, 2022
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| Underwriters: | Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC
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| Fees: | 1.375%
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| Cusip: | 40057ME96
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