Chicago, Feb. 27 – GS Finance Corp. priced $2.58 million of 5.4% callable fixed coupon index-linked notes due May 9, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are callable at par plus the fixed coupon on any interest payment date after six months.
If the notes are not called, the payout at maturity will be par plus the final coupon unless the index finishes below its 50% trigger buffer level, in which case investors will lose 1% for every 1% decline of the index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable fixed coupon index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,584,000
|
| Maturity: | May 9, 2024
|
| Coupon: | 5.4% per year, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus the final coupon unless the index finishes below its 50% trigger buffer level, in which case investors will lose 1% for every 1% decline from initial level
|
| Call option: | At par plus the fixed coupon on any coupon payment date after six months
|
| Initial level: | 4,300.17
|
| Trigger buffer level: | 50% of initial level
|
| Pricing date: | May 4, 2022
|
| Settlement date: | May 9, 2022
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 40057LYF2
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
