Chicago, Sept. 25 – GS Finance Corp. priced $525,000 of 0% leveraged buffered ETF-linked notes due Oct. 24, 2023 tied to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the ETF return is positive, investors will receive par plus 1.25 times the ETF gain, capped at par plus 18.8%.
If the ETF return is flat or falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 10%.
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered ETF-linked notes
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
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| Amount: | $525,000
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| Maturity: | Oct. 24, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.25 times the ETF gain, capped at par plus 18.8%; if ETF return is flat or falls by up to 10%, par; 1% loss for every 1% decline beyond 10%
|
| Initial ETF level: | $37.91
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Sept. 19, 2022
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| Settlement date: | Sept. 22, 2022
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| Agent: | Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
|
| Fees: | 1.25%
|
| Cusip: | 40057NBD8
|
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