Published on 7/25/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1 million digital index-linked notes on Nasdaq-100
By William Gullotti
Buffalo, N.Y., July 25 – GS Finance Corp. priced $1 million of 0% digital index-linked notes due Jan. 9, 2024 linked 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.
If the index finishes at or above its threshold level, 80% of initial level, the payout at maturity will be par plus 15.15%. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Digital index-linked notes
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Underlying index: | Nasdaq-100 index
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Amount: | $1 million
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Maturity: | Jan. 9, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above threshold level, par plus 15.15%; otherwise, 1% loss for every 1% of index decline from initial level
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Initial index level: | 15,771.78
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Threshold level: | 80% of initial level
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Pricing date: | Jan. 5
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Settlement date: | Jan. 12
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.5%
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Cusip: | 40057KNU3
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