Chicago, Oct. 12 – GS Finance Corp. priced $30,000 of 2% fixed coupon 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.
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 50%.
Investors will receive par if the index falls by up to 30%. Otherwise, investors will lose 1% for every 1% decline beyond 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: | Fixed coupon buffered index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $30,000
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| Maturity: | Sept. 30, 2027
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| Coupon: | 2% 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 50% if index return is positive; par if index falls by up to 30%; otherwise, exposure to losses of index beyond 30% buffer
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| Initial level: | 3,585.62
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| Buffer level: | 70% of initial level
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| Pricing date: | Sept. 30, 2022
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| Settlement date: | Oct. 5, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 1%
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| Cusip: | 40057N4A2
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