Chicago, Sept. 18 – GS Finance Corp. priced $40,000 of 0% absolute return trigger index-linked notes due Sept. 5, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A barrier event will occur if the index closing level has increased or decreased from its initial level by more than 30% any day during the life of the notes.
If a barrier event has occurred, the payout at maturity will be par plus 8%.
If a barrier event has not occurred, the payout at maturity will be par plus the absolute value of the index return, up to 30%.
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: | Absolute return trigger index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $40,000
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| Maturity: | Sept. 5, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index increases or decreases by more than 30% any day during the life of the notes, par plus 8%; otherwise, par plus absolute value of index return up to 30%
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| Initial level: | 3,955
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| Pricing date: | Aug. 31, 2022
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| Settlement date: | Sept. 6, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 1%
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| Cusip: | 40057MTE9
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