New Issue: GS Finance prices $545,000 trigger notes linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., June 5 – GS Finance Corp. priced $545,000 of 0% index-linked trigger notes due Aug. 1, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to 70% of the initial index level, the payout at maturity will be par plus 8.8%. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter with JPMorgan as placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked trigger notes
Underlying indexes:	S&P 500 index
Amount:	$545,000
Maturity:	Aug. 1, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to 70% of initial index level, par plus 8.8%; otherwise, 1% loss for every 1% that final index level is less than initial index level
Initial levels:	3,801.78S
Barrier level:	70% of initial level
Pricing date:	July 14, 2022
Settlement date:	July 19, 2022
Underwriter:	Goldman Sachs & Co. LLC
Placement agent:	JPMorgan
Fees:	1%
Cusip:	40057MPE3

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