Chicago, Aug. 18 – GS Finance Corp. priced $10,000 of 1.25% fixed coupon buffered index-linked notes due July 29, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable annually.
The payout at maturity will be par plus the index return if the index finishes above its initial level, capped at par plus 70%.
Investors will receive par if the index falls by more than 20%, in which case investors will lose 1% for every 1% decline beyond 20%.
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: | Fixed coupon buffered index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $10,000
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| Maturity: | July 29, 2027
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| Coupon: | 1.25% per year, payable annually
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| Price: | Par
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| Payout at maturity: | Par plus index return capped at par plus 70% if index return is positive; par if index falls by more than 20%, in which case exposure to losses of index beyond 20% buffer
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| Initial level: | 4,130.29
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| Buffer level: | 80% of initial level
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| Pricing date: | July 29, 2022
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| Settlement date: | Aug. 3, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 40057MMK2
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