Chicago, June 24 – GS Finance Corp. priced $200,000 of market-linked securities – autocallable with contingent coupon and contingent downside due June 27, 2025 tied to the Nasdaq-100 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 5.3% contingent quarterly coupon if the index closes above 60% of its initial level on any related observation date.
The notes will be automatically called at par on any quarterly call observation date starting after six months if the index closes above its initial level.
At maturity, if the index return is at least 60% of its initial level, investors will receive par.
Otherwise, investors will be fully exposed to the losses of the index..
Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC are the agents.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Market-linked securities – autocallable with contingent coupon and contingent downside
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| Underlying index: | Nasdaq-100 index
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| Amount: | $200,000
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| Maturity: | June 27, 2025
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| Coupon: | 5.3% annual rate, payable quarterly if index closes above 60% of initial level on related observation date
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| Price: | Par
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| Payout at maturity: | Par if index closes above downside threshold level; otherwise, full exposure to losses of index
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| Call: | Automatically at par if index closes above initial level on any quarterly call observation date starting after six months
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| Initial index level: | 11,503.72
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| Coupon barrier level: | 60% of initial level
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| Buffer level: | 60% of initial level
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| Pricing date: | June 30, 2022
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| Settlement date: | July 6, 2022
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| Underwriters: | Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC
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| Fees: | 2.225%
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| Cusip: | 40057MEA3
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