Published on 2/9/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $250,000 buffered index-linked notes on Russell
Chicago, Feb. 9 – GS Finance Corp. priced $250,000 of 0% buffered index-linked notes due April 19, 2024 based on the performance of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus any index gain, up to the maximum settlement amount of $1,257.5 per $1,000 principal amount of notes.
If the index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond the 15% buffer.
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: | Buffered index-linked notes
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Underlying index: | Russell 2000 index
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Amount: | $250,000
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Maturity: | April 19, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at $1,257.5 per $1,000 principal amount of notes; if index falls by up to 15%, par; 1% loss for every 1% decline beyond 15% buffer
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Initial index level: | 2,262.67
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Buffer level: | 85% of initial level
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Pricing date: | April 16
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Settlement date: | April 21
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Agent: | Goldman, Sachs & Co. LLC
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Fees: | 1.2%
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Cusip: | 40057FY65
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