Chicago, Aug. 16 – GS Finance Corp. priced $80,000 of 0% autocallable index-linked notes due July 24, 2025 tied to the S&P 500 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 10.35% call premium if the index closes at or above initial level on any quarterly call observation date starting after one year.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 31.05%.
Investors will receive par if the index declines by no more than 10% and will lose 1% for each 1% decline beyond the 10% buffer.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $80,000
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Maturity: | July 24, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 31.05% if index return is positive; if the index falls by no more than 10%, par; otherwise, 1% loss for each 1% decline of index beyond 10% buffer
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Call: | At par plus 10.35% call premium if index closes at or above initial level on any quarterly call observation date starting after one year
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Initial level: | 3,936.69
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Buffer level: | 90% of initial level
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Pricing date: | July 19, 2022
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Settlement date: | July 22, 2022
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 2.25%
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Cusip: | 40057MNK1
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