Published on 10/18/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.33 million index-linked notes on S&P, Russell
By Kiku Steinfeld
Chicago, Oct. 18 – GS Finance Corp. priced $1.33 million of 0% index-linked notes due March 23, 2023 tied to 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 each index finishes at or above its initial level, the payout at maturity will be par plus 1.25 times the least performing index return, capped at 14%.
If any index falls by up to the 25% barrier, the payout will be par.
If any index falls by more than 25%, investors will be fully exposed to the 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: | S&P 500 index, Russell 2000 index
|
| Amount: | $1,333,000
|
| Maturity: | March 23, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its initial level, par plus 1.25 times the least performing index return, capped at 14%; if any index falls by up to 25%, par; if any index falls by more than 25%, full exposure to the decline of the least performing index
|
| Initial index levels: | 4,348.87 for S&P, 2,009.333 for Russell
|
| Barrier levels: | 75% of initial levels
|
| Pricing date: | Feb. 18, 2022
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| Settlement date: | Feb. 24, 2022
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.93%
|
| Cusip: | 40057L5X5
|
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