Published on 3/22/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $7.38 million basket-linked notes on weighted index basket
By William Gullotti
Buffalo, N.Y., March 22 – GS Finance Corp. priced $7.38 million of 0% notes due Feb. 28, 2025 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 38% weight, the Topix index with a 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with a 11% weight and the S&P/ASX 200 index with an 8% weight.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the basket return is positive, the payout at maturity will be par plus the basket return, subject to a maximum payout of par plus 21%.
Otherwise, investors will receive par.
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: | Basket-linked notes
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Underlying indexes: | Euro Stoxx 50 index (38% weight), Topix index (26% weight), FTSE 100 index (17% weight), Swiss Market index (11% weight), S&P/ASX 200 index (8% weight)
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Amount: | $7,375,000
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Maturity: | Feb. 28, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the basket finishes positive, par plus the basket return capped at 21%; otherwise, investors will receive par
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Initial levels: | 3,829.29 for Stoxx, 1,857.58 for Topix, 7,207.38 for FTSE, 11,636.76 for Swiss Market, 6,990.627 for S&P/ASX
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Pricing date: | Feb. 24
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Settlement date: | March 1
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.4%
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Cusip: | 40057L4Z1
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