Chicago, Nov. 6 – GS Finance Corp. priced $279,000 of 0% autocallable absolute return notes due Oct. 24, 2024 linked 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 automatically called at par plus if the index’s closing level has declined from the initial level by more than 20% on any day during the life of the notes.
If the notes are not called and the final index level is above the initial level, the payout at maturity will be par plus the index return capped at par plus 14%.
If the index declines but not more than 20%, the payout will be par plus the absolute value of the index return.
If the index return is less than negative 20%, the payout will be par.
The underwriter is Goldman Sachs & Co. LLC.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable absolute return notes
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| Underlying index: | S&P 500 index
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| Amount: | $279,000
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| Maturity: | Oct. 24, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus index return capped at 14% if index finishes positive; par plus absolute value of index return if index declines but finishes above 80% of initial level; otherwise, par
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| Call: | Automatically at par if index’s closing level has declined from initial level by more than 20% on any day during life of notes
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| Initial level: | 3,695.16
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| Call level: | 80% of initial level
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| Pricing date: | Oct. 19, 2022
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| Settlement date: | Oct. 24, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.5%
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| Cusip: | 40057NNQ6
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