Chicago, Oct. 17 – GS Finance Corp. priced $575,000 of 0% index-linked notes due Oct. 17, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index never closes below 80% of its initial level during the life of the notes, the payout at maturity will be par plus 14.5%.
If the index has closed below 80% of its initial level during the life of the notes, payout will be par plus the return of the index and a 20% buffer.
If the index ends above 80% of its initial level, the payout will be positive. Otherwise, investors will receive less than par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter. Citigroup Global Markets Inc. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $575,000
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| Maturity: | Oct. 17, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 14.5% if index never closes below 80% trigger level over life of notes; par plus 20% buffer and return of notes if index has closed below trigger level during life of notes for positive return if index finishes above 80% of initial level or negative return if below
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| Initial level: | 3,669.91
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| Trigger level: | 80% of initial level
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| Pricing date: | Oct. 13, 2022
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| Settlement date: | Oct. 18, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.75%
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| Cusip: | 40057NKH9
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