Published on 6/23/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.16 million underlier-linked notes on indexes, ETF
Chicago, June 23 – GS Finance Corp. priced $1.16 million of 0% underlier-linked notes due Dec. 13, 2024 linked to the lesser performing of the Russell 2000 index, the S&P 500 index and the iShares Silver Trust ETF, 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 underlier is greater than 70% of its initial level, the payout at maturity will be the greater of par plus 30% or par plus the return of the lesser performing underlier.
If the worst performer declines more than 30% but not more than 40%, the payout will be par.
If the worst-performing underlier falls by more than 40%, investors will be exposed to the decline of the worst performer from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Underlier-linked notes
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| Underlying assets: | Russell 2000 index, S&P 500 index and iShares Silver Trust ETF
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| Amount: | $1,161,000
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| Maturity: | Dec. 13, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the return of worst performer is above 70% of initial level, par plus greater of return of worst performer or par plus 30%; par if worst performer declines more than 30% but not more than 40%; otherwise, full exposure to loss of worst performer
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| Initial levels: | 4,712.02 for S&P, 2,446.627 for Russell, $20.50 for ETF
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| Threshold levels: | 70% of initial levels
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| Trigger buffer levels: | 60% of initial levels
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| Pricing date: | Dec. 10, 2021
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| Settlement date: | Dec. 15, 2021
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 40057KEF6
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