By Angela McDaniels
Tacoma, Wash., July 13 – GS Finance Corp. priced $601,000 of 0% index-linked notes due July 30, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return.
If the final index level is less than or equal to the initial index level but greater than or equal to the barrier level, 51% of the initial index level, the payout will be par.
If the final index level is less than the barrier level, investors will lose 1% for every 1% that the 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.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $601,000
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| Maturity: | July 30, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus index return; if final index level is less than or equal to initial index level but greater than or equal to barrier level, par; otherwise, 1% loss for every 1% that index declines from initial level
|
| Initial level: | 4,023.61
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| Barrier level: | 51% of initial level
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| Pricing date: | July 27, 2022
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| Settlement date: | Aug. 1, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 4.125%
|
| Cusip: | 40057MQU6
|
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