By Angela McDaniels
Tacoma, Wash., Nov. 16 – GS Finance Corp. priced $737,000 of 0% index-linked notes due Nov. 4, 2027 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the lesser performing index’s return is greater than or equal to zero, the payout at maturity will be par plus 130% of the lesser performing index’s return.
If the return of either index is less than zero but the return of each index is greater than or equal to negative 40%, the payout will be par plus the absolute value of the lesser performing index’s return.
If the return of either index is below negative 40%, investors will lose 1% for every 1% that the lesser performing index’s final index level is less than its initial index level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying indexes: | S&P 500 index and Russell 2000 index
|
Amount: | $737,000
|
Maturity: | Nov. 4, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If lesser performing index’s return is greater than or equal to zero, par plus 130% of lesser performing index’s return; if return of either index is less than zero but return of each index is greater than or equal to negative 40%, par plus absolute value of lesser performing index’s return; if return of either index is below negative 40%, 1% loss for every 1% that lesser performing index’s final index level is less than initial index level
|
Initial levels: | 3,871.98 for S&P and 1,846.863 for Russell
|
Barrier levels: | 60% of initial level
|
Pricing date: | Oct. 31, 2022
|
Settlement date: | Nov. 3, 2022
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 0.81%
|
Cusip: | 40057NJ57
|
|
© 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.