By Angela McDaniels
Tacoma, Wash., Oct. 4 – GS Finance Corp. priced $625,000 of 0% autocallable buffered index-linked notes due Sept. 30, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 25% if the index closes at or above the initial index level on Sept. 23, 2024.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 200% of 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 80% buffer level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines 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: | Autocallable buffered index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $625,000
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| Maturity: | Sept. 30, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is greater than initial index level, par plus 200% of index return; if final index level is less than or equal to initial index level but greater than or equal to the 80% buffer level, par; otherwise, 1% loss for every 1% that index declines beyond 20%
|
| Call: | Automatically at par plus 25% if index closes at or above initial index level on Sept. 23, 2024
|
| Initial level: | 3,693.23
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| Buffer level: | 80% of initial level
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| Pricing date: | Sept. 23, 2022
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| Settlement date: | Sept. 28, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.5%
|
| Cusip: | 40057NCD7
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