Chicago, Sept. 13 – GS Finance Corp. priced $650,000 of 0% autocallable index-linked notes due Sept. 7, 2027 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 an 10.5% annual call premium if the index closes at or above initial level on any annual call observation date.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the return of the index or 25%.
If the index declines but finishes above the 75% trigger buffer level, the payout will be par.
Otherwise, investors will be fully exposed to the losses of the index.
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: | $650,000
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| Maturity: | Sept. 7, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus greater of 25% or par plus return of index if return is positive; par if index declines but not more than 25%; otherwise, full exposure to losses of index
|
| Call: | At par plus 10.5% annual call premium if index closes at or above initial level on any annual call observation date
|
| Initial level: | 4,030.61
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| Trigger buffer level: | 75% of initial level
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| Pricing date: | Aug. 29, 2022
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| Settlement date: | Aug. 31, 2022
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.45%
|
| Cusip: | 40057MXM6
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