By Wendy Van Sickle
Columbus, Ohio, Dec. 22 – GS Finance Corp. priced $2.5 million of 0% buffered index-linked notes due Feb. 17, 2023 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, investors will receive par plus the index gain, capped at par plus 8%.
If the index return is flat or falls by up to 23.5%, investors will receive par. Investors will lose 1.3072% for every 1% decline beyond 23.5%.
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: | Buffered index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $2.5 million
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| Maturity: | Feb. 17, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus index gain, capped at par plus 8%; if index return is flat or falls by up to 23.5%, par; 1.3072% loss for every 1% decline beyond 23.5%
|
| Initial index level: | 4,668.97
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| Final level: | Average of closing levels on five trading days ending Feb. 14, 2023
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| Pricing date: | Dec. 14
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| Settlement date: | Dec. 17
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.3%
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| Cusip: | 40057KHW6
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