Chicago, March 20 – GS Finance Corp. priced $674,000 of 0% underlier-linked notes due May 22, 2025 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each underlier finishes at or above its initial value, the payout at maturity will be par plus 2.02 times the return of the lesser-performing underlier.
If either underlier falls but neither falls by more than 90%, the payout will be par.
Otherwise, investors will lose 1% for each 1% that the lesser-performing underlier declines beyond the 10% buffer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Underlier-linked notes
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| Underlying assets: | Euro Stoxx 50 index, iShares MSCI EAFE ETF
|
| Amount: | $674,000
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| Maturity: | May 22, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.02 times any gain in lesser-performing underlier; par if either underlier falls but neither falls by more than 10%; 1% loss for every 1% decline in lesser-performing underlier beyond 10% buffer
|
| Initial values: | $67.31 for ETF, 3,640.55 for index
|
| Buffer levels: | 90% of initial levels
|
| Pricing date: | May 19, 2022
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| Settlement date: | May 24, 2022
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.2%
|
| Cusip: | 40057M3L1
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