By Taylor Fox
New York, Dec. 30 – GS Finance Corp. priced $741,000 of 0% lookback Performance Leveraged Upside Securities due Jan. 4, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.5 times any index gain, up to a maximum payment of $11.87 per PLUS.
Investors will be exposed to any losses in the index.
The lookback period will be the lowest closing level of the index during the approximately two-week initial observation period from pricing.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor | Goldman Sachs Group, Inc.
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| Issue: | Lookback Performance Leveraged Upside Securities
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| Underlying index: | S&P 500
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| Amount: | $741,000
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| Maturity: | Jan. 4, 2023
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| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | Par plus 150% of any index gain, capped at $11.87 per $10 note; full exposure to losses
|
| Initial level: | Lowest closing level of the index during the approximately two-week period ending Dec. 31
|
| Pricing date: | Dec. 16
|
| Settlement date: | Dec. 21
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.675%
|
| Cusip: | 36259Q625
|
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