Published on 4/25/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $611,000 index-linked notes due 2027
Chicago, April 25 – GS Finance Corp. priced $611,000 of 0% index-linked notes due May 28, 2027 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 1.12 times the return of the worst performing index. Investors will receive par if the worst performer declines but finishes above the 80% buffer level.
Otherwise, investors will be exposed to the losses of the worst performer beyond the 20% buffer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying indexes: | S&P 500 index, Russell 2000 index
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| Amount: | $611,000
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| Maturity: | May 28, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.12 times return of worst performer if both indexes finish above initial levels; par if worst performer declines but not more than 20%; otherwise, 1% loss for each 1% decline beyond 20% buffer
|
| Initial index levels: | 3,978.73 for S&P, 1,799.164 for Russell
|
| Buffer levels: | 80% of initial levels
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| Pricing date: | May 25, 2022
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| Settlement date: | May 31, 2022
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.79%
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| Cusip: | 40057LUW9
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