Chicago, May 1 – GS Finance Corp. priced $863,000 of 0% autocallable index-linked notes due June 8, 2027 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.
The notes will be called at par plus an 12% call premium if the index closes at or above its initial level on June 9, 2023.
If the notes are not called and the index finishes positive, the payout at maturity will be par plus 1.25 times the index gain.
If the index declines but finishes above its 70% buffer level, the payout will be par.
Otherwise, investors will be exposed to the losses of the index beyond the buffer.
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: | Autocallable index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $863,000
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| Maturity: | June 8, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus 1.25 times the index return; par if index declines but finishes above buffer level; otherwise, 1% loss for each 1% decline beyond buffer
|
| Call: | At par plus 12% call premium if the index closes at or above its initial level on June 9, 2023
|
| Initial level: | 4,176.82
|
| Buffer level: | 70% of initial level
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| Pricing date: | June 3, 2022
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| Settlement date: | June 8, 2022
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.25%
|
| Cusip: | 40057MCP2
|
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