Chicago, Aug. 28 – GS Finance Corp. priced $250,000 of 0% leveraged buffered notes due Aug. 20, 2024 linked to a basket of funds, according to a 424B2 filing with the Securities and Exchange Commission.
The fixed coupon will be paid annually.
The basket consists of the Health Care Select Sector SPDR Fund and the Financial Select Sector SPDR Fund, with equal weights.
The payout at maturity will be par plus 1.5 times the basket gain, up to a maximum settlement amount of $1,280 per $1,000 principal amount of notes.
Investors will receive par if the basket finishes flat or falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered basket-linked notes
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| Underlying basket: | Health Care Select Sector SPDR fund and the Financial Select Sector SPDR fund, equal weights
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| Amount: | $250,000
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| Maturity: | Aug. 20, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If basket return is positive, par plus 1.5 times the basket gain, up to a maximum settlement amount of $1,280 per $1,000 principal amount of notes; par if basket finishes flat or declines by up to 10%; 1% loss for every 1% decline beyond 10%
|
| Initial levels: | $134.29 for health, $35.55 for financial
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| Buffer level: | 90% of initial levels
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| Pricing date: | Aug. 15, 2022
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| Settlement date: | Aug. 18, 2022
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.8%
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| Cusip: | 40057MUZ0
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