Chicago, Aug. 21 – GS Finance Corp. priced $562,000 of autocallable contingent coupon underlier-linked notes due Feb. 12, 2024 linked to the Russell 2000 index, the Nasdaq-100 index and 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.
The notes will pay a contingent monthly coupon at an annual rate of 12.8% if each underlier closes at or above its coupon barrier level, 70% of its initial level, on the relevant observation date.
The notes will be called at par plus the coupon if each underlier closes at or above its initial level on any monthly observation date after six months.
The payout at maturity will be par plus the final coupon if each underlier finishes at or above the 60% trigger level on each day during the life of the notes or if all underliers close above their initial levels.
Otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level.
Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon underlier-linked notes
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| Underlying assets: | Russell 2000 index, Nasdaq-100 index and iShares MSCI Emerging Markets ETF
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| Amount: | $562,000
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| Maturity: | Feb. 12, 2024
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| Coupon: | 12.8% annual rate, payable monthly if each underlier closes at or above coupon barrier level on related observation date
|
| Price: | Par
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| Payout at maturity: | If each underlier finishes at or above trigger level each day during life of notes or if all three underliers close above their initial levels, par; otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level
|
| Call: | At par plus contingent coupon if each underlier closes at or above initial level on any monthly observation date after six months
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| Initial levels: | 1,908.925 for Russell, $39.74 for ETF, 13,253.26 for Nasdaq
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| Coupon barriers: | 70% of initial levels
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| Trigger levels: | 60% of initial levels
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| Pricing date: | Aug. 3, 2022
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| Settlement date: | Aug. 8, 2022
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| Agents: | Goldman Sachs & Co. LLC
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| Fees: | 0.71%
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| Cusip: | 40057MSN0
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