Chicago, Dec. 1 – GS Finance Corp. priced $1.39 million of 0% autocallable index-linked notes due Oct. 27, 2025 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 a 19.3% call premium if the index closes at or above its initial level on Oct. 18, 2023.
If the notes are not called, the payout at maturity will be par plus 1.5 times the index return if the index finishes at or above its initial level.
Investors will receive par if the index declines but finishes above the 70% barrier level.
Otherwise, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,389,000
|
| Maturity: | Oct. 27, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus 1.5 times index return; par if index declines but finishes above barrier level; otherwise, full exposure to losses of index
|
| Call: | At par plus a 19.3% call premium if index closes at or above initial level on Oct. 18, 2023
|
| Initial level: | 3,859.11
|
| Barrier level: | 70% of initial level
|
| Pricing date: | Oct. 25, 2022
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| Settlement date: | Oct. 28, 2022
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 40057NPY7
|
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