New Issue: GS Finance prices $20,000 trigger notes linked to Russell 2000 index

By Angela McDaniels

Tacoma, Wash., Aug. 17 – GS Finance Corp. priced $20,000 of 0% index-linked trigger notes due Sept. 12, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to 77.7% of the initial index level, the payout at maturity will be par plus the greater of zero and the index return. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.

The notes are guaranteed by Goldman Sachs Group, Inc.

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

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked trigger notes
Underlying indexes:	Russell 2000 index
Amount:	$20,000
Maturity:	Sept. 12, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to 77.7% of initial index level, par plus greater of zero and index return; otherwise, 1% loss for every 1% that index declines from initial level
Initial level:	1,882.848
Barrier level:	77.7% of initial level
Pricing date:	Sept. 9, 2022
Settlement date:	Sept. 14, 2022
Underwriter:	Goldman Sachs & Co. LLC
Placement agent:	JPMorgan
Fees:	1.5%
Cusip:	40057N6M4

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.