Published on 11/1/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.3 million underlier-linked notes on indexes, ETF
Chicago, Nov. 1 – GS Finance Corp. priced $1.3 million of 0% underlier-linked notes due Aug. 31, 2023 linked to the lesser performing of the Russell 2000 Value index, the S&P 500 index and the iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each underlier is greater than 60% of its initial level, the payout at maturity will be the par plus 12%.
If the worst-performing underlier falls by more than 40%, investors will be exposed to the decline of the worst performer from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Underlier-linked notes
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Underlying assets: | Russell 2000 Value index, S&P 500 index and iShares Silver Trust
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Amount: | $1,297,000
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Maturity: | Aug. 31, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of worst performer is above 60% of initial level, par plus 12%; otherwise, full exposure to loss of worst performer
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Initial levels: | 4,373.94 for S&P, 2,379.135 for Russell Value, $22.62 for ETF
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Trigger buffer levels: | 60% of initial levels
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Pricing date: | Feb. 28
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Settlement date: | March 3
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.5%
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Cusip: | 40057LA76
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