Published on 3/11/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.84 million index-linked notes on Stoxx, Russell
By Kiku Steinfeld
Chicago, March 11 – GS Finance Corp. priced $1.84 million of 0% index-linked notes due Sept. 18, 2026 tied to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its initial level, the payout at maturity will be par plus 2 times the least-performing index return.
If the least performing index falls by up to 40%, the payout will be par.
Investors will be exposed to any decline of the least performing index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | Euro Stoxx 50 index, Russell 2000 index
|
| Amount: | $1,844,000
|
| Maturity: | Sept. 18, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its initial level, par plus 2 times least-performing index return; if least performing index falls by up to 40%, par; otherwise, exposure to decline of least performing index
|
| Initial index levels: | 4,145.94 for Stoxx, 2,234.448 for Russell
|
| Trigger buffer levels: | 60% of initial levels
|
| Pricing date: | Sept. 15
|
| Settlement date: | Sept. 20
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.1%
|
| Cusip: | 40057JDK9
|
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