Published on 3/9/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $975,000 index-linked notes on Russell, S&P, Nasdaq
Chicago, March 9 – GS Finance Corp. priced $975,000 of 0% index-linked notes due May 21, 2024 linked to the least performing of the Russell 2000 index, the S&P 500 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.
If the return of each index is zero or positive, the payout at maturity will be par plus 1.25 times the return of the worst performing index.
If the least performing index falls by up to 15%, the payout will be par plus the absolute value of the worst performer’s return.
If the worst performer falls more than 15% but not beyond 30%, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worst performing index from its initial level.
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, S&P 500 index, Nasdaq-100 index
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| Amount: | $975,000
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| Maturity: | May 21, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the return of each index is zero or positive, par plus 1.25 times the least performing index’s return; if any index falls but the final underlier level of each is greater than or equal to the 85% trigger buffer level, par plus the absolute return of the worst performer; if worst performer falls more than 15% but less than 30%, par; if any index falls by more than 30%, investors will be fully exposed to the decline of the worst performing index from its initial level
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| Initial levels: | 1,783.427 for Russell, 4,008.01 for S&P, 12,243.58 for Nasdaq
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| Threshold levels: | 85% of initial levels
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| Trigger buffer levels: | 70% of initial levels
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| Pricing date: | May 16, 2022
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| Settlement date: | May 19, 2022
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.85%
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| Cusip: | 40057M2S7
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