By Angela McDaniels
Tacoma, Wash., June 23 – GS Finance Corp. priced $337,000 of 0% index-linked notes due July 29, 2027 linked to the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus 1.2 times the return of the lesser performing index.
If the final level of any index is less than its initial level but the final level of each index is greater than or equal to 65% of its initial level, the payout will be par.
If the final level of any index is less than 65% of its initial level, investors will lose 1% for every 1% that the lesser performing index declines from its initial level.
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: | Index-linked notes
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| Underlying indexes: | S&P 500 index and Dow Jones industrial average
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| Amount: | $337,000
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| Maturity: | July 29, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of each index is greater than or equal to initial level par plus 1.2 times return of lesser performing index; if final level of any index is less than initial level but final level of each index is greater than or equal to barrier level, par; otherwise, 1% loss for every 1% that lesser performing index declines from initial level
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| Initial levels: | 3,921.05 for S&P and 31,761.54 for Dow
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| Barrier levels: | 65% of initial levels
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| Pricing date: | July 26, 2022
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| Settlement date: | July 29, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 4.03%
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| Cusip: | 40057MK65
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