By Kiku Steinfeld
Chicago, Oct. 17 – GS Finance Corp. priced $1.1 million of 0% notes due Feb. 23, 2027 linked to a basket of three indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index, the S&P 500 index and the Russell 2000 index.
The notes are guaranteed by Goldman Sachs Group, Inc.
The settlement at maturity is dependent upon the weighted return of the basket, which is determined by adding the products of the highest performing basket index’s return times 50%, the second highest performing basket index’s return times 40% and the least highest basket index’s return times 10%.
If the weighted return is positive, the payout at maturity will be par plus the weighted return. If the weighted return is zero or negative but not below -30% of its initial level, the payout at maturity will be par.
If the basket falls by up to 30%, investors will receive par.
Otherwise, investors will lose 1% for every 1% that the weighted basket return is less than the basket’s initial level.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Basket-linked notes
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| Basket components: | Euro Stoxx 50 index, S&P 500 index, Russell 2000 index
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| Amount: | $1,097,000
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| Maturity: | Feb. 23, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Settlement at maturity is dependent upon the basket’s weighted return, which is determined by adding the products of the highest performing index’s return times 50%, the next highest performing index’s return times 40% and the least performing index’s return times 10%; if the weighted return is positive, the payout at maturity will be par plus the weighted return; if the weighted return is zero or negative but not below -30%, par; otherwise, 1% loss for every 1% that the weighted basket return is less than the basket’s initial level
|
| Initial levels: | 2,009.333 for Russell, 4,074.28 for Stoxx, 4,348.87 for S&P
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| Barrier levels: | 70% of initial basket level
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| Pricing date: | Feb. 18, 2022
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| Settlement date: | Feb. 24, 2022
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.125%
|
| Cusip: | 40057L7B1
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