Published on 5/19/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $430,000 index-linked notes on Russell, S&P
Chicago, May 19 – GS Finance Corp. priced $430,000 of 0% index-linked notes due July 31, 2024 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 two times the return of the lesser performing index, capped at par plus 22%.
If either index falls by up to 15%, the payout will be par.
Otherwise, investors will be exposed to the losses of the worst performer beyond the 15% buffer.
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: | $430,000
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| Maturity: | July 31, 2024
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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 two times gain of lesser performing index, capped at par plus 22%; par if either index falls by up to buffer level, par; 1% loss for every 1% decline of lesser performing index beyond buffer
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| Initial index levels: | 4,574.79 for S&P and 2,296.075 for Russell
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| Buffer levels: | 85% of initial 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: | 2.89%
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| Cusip: | 40057JPA8
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