Chicago, Sept. 12 – GS Finance Corp. priced $500,000 of callable contingent coupon index-linked notes due Aug. 29, 2025 linked 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 pay a 6.7% contingent quarterly coupon if the index closes at or above the coupon barrier level, 70% of the initial level, on the corresponding observation date.
The notes are callable at par on any quarterly call valuation date starting after six months.
The payout at maturity will be par if the index closes above the 70% buffer level.
Otherwise, investors will lose 1% for each 1% decline in the index beyond the 30% buffer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable contingent coupon index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $500,000
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| Maturity: | Aug. 29, 2025
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| Coupon: | 6.7% annual rate, payable quarterly if index closes above coupon barrier on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par if index closes above buffer level; otherwise, 1% loss for each 1% decline in index beyond buffer
|
| Call: | At par on any quarterly call valuation date starting after six months
|
| Initial share level: | 4,057.66
|
| Coupon barrier level: | 70% of initial level
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| Buffer level: | 70% of initial level
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| Pricing date: | Aug. 26, 2022
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| Settlement date: | Aug. 31, 2022
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.25%
|
| Cusip: | 40057MWW5
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