Published on 5/19/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $874,000 index-linked notes on Russell, S&P
Chicago, May 19 – GS Finance Corp. priced $874,000 of 0% index-linked notes due Oct. 29, 2026 tied to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout will be par plus 1.1775 times the return of the lesser performing index.
If either index falls by up to 35%, the payout will be par.
Otherwise, investors will be exposed to the losses of the worst performer from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Index-linked notes
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| Underlying indexes: | Russell 2000, S&P 500
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| Amount: | $874,000
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| Maturity: | Oct. 29, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes above its initial level, par plus 1.1775 times gain of lesser performing index; par if either index falls by up to barrier level; 1% loss for every 1% decline of lesser performing index from initial level
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| Initial index levels: | 4,574.79 for S&P and 2,296.075 for Russell
|
| Buffer levels: | 65% of initial index levels
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| Pricing date: | Oct. 26, 2021
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| Settlement date: | Oct. 29, 2021
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.3%
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| Cusip: | 40057JQX7
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