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Published on 9/8/2022 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $1.69 million leveraged index-linked notes on S&P 500

By William Gullotti

Buffalo, N.Y., Sept. 8 – GS Finance Corp. priced $1.69 million of 0% leveraged index-linked notes due Sept. 5, 2025 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, capped at 18.75%.

Otherwise, investors will receive par.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:GS Finance Corp.
Issue:Leveraged index-linked notes
Underlying index:S&P 500 index
Amount:$1,691,000
Maturity:Sept. 5, 2025
Coupon:0%
Price:Par
Payout at maturity:If the index return is positive, par plus 200% of the index return, capped at 18.75%; otherwise, par
Initial index level:3,966.85
Pricing date:Sept. 1
Settlement date:Sept. 7
Underwriter:Goldman Sachs & Co. LLC
Fees:2.5%
Cusip:40057MZX0

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