Published on 12/19/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $504,000 index-linked notes on Dow Select Dividend, Russell, Nasdaq
By Kiku Steinfeld
Chicago, Dec. 19 – GS Finance Corp. priced $504,000 of 0% index-linked notes due April 26, 2027 linked to the least performing of the Russell 2000 index, the Dow Jones U.S. Select Dividend index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus 1.427 times any gain in the least performing index.
If the least performing index falls by up to the 20% buffer level, the payout will be par plus the worst performer’s return.
Otherwise, investors will be fully exposed to any losses of the worst performing index beyond the buffer.
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 index, Dow Jones U.S. Select Dividend index, Nasdaq-100 index
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Amount: | $504,000
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Maturity: | April 26, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.427 times any gain in the least performing index; if any index falls but the final underlier level of each is greater than or equal to the buffer level, par; otherwise, investors will be fully exposed to the decline of the worst performing index beyond its buffer level
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Initial levels: | 1,991.462 for Russell, 935.25 for Dow, 13,720.45 for Nasdaq
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Buffer levels: | 80% of initial levels
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Pricing date: | April 21
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Settlement date: | April 26
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 4.375%
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Cusip: | 40057LT84
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