Published on 4/22/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.26 million index-linked notes on S&P, Russell, Nasdaq
Chicago, April 22 – GS Finance Corp. priced $1.26 million of 0% index-linked notes due Oct. 1, 2026 linked to the least performing of the Nasdaq-100 index, the S&P 500 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 the return of each index is zero or positive, the payout at maturity will be the greater of the return of the least performing index or 15%.
If any index falls but the return of each index is at least negative 30%, the payout will be par plus the absolute value of the worst performer.
If any index falls by more than 30%, investors will be exposed to the decline of the worst performing index from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying indexes: | Nasdaq-100 index, S&P 500 index, Russell 2000 index
|
| Amount: | $1,258,000
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| Maturity: | Oct. 1, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the return of each index is zero or positive, par plus greater of the return of the least performing index or 15%; if any index falls but the return of each index is at least negative 30%, par plus absolute value of worst performer; if any index falls by more than 30%, investors will be exposed to the decline of the worst performing index from its initial level
|
| Initial levels: | 15,204.83 for Nasdaq, 4,443.11 for S&P 500, 2,281.003 for Russell
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| Barrier levels: | 70% of initial levels
|
| Pricing date: | Sept. 27, 2021
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| Settlement date: | Sept. 30, 2021
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.87%
|
| Cusip: | 40057JEK8
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