Published on 4/26/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $417,000 index-linked notes on Russell, S&P
Chicago, April 26 – GS Finance Corp. priced $417,000 of 0% index-linked notes due May 28, 2027 linked to the least performing of the Russell 2000 index and the S&P 500 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 1.24 times the return of the worst performer if both indexes finish positive.
The payout will be par if the worst performer declines but finishes above 65% of its initial level.
Otherwise, investors will be fully exposed to the losses of the worst performer.
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: | Russell 2000 index, S&P 500 index
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| Amount: | $417,000
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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 1.24 times return of worst performer; par if worst performer declines but finishes above 65% of initial level; otherwise, full exposure to losses of worst performer
|
| Initial levels: | 1,799.164 for Russell, 3,978.73 for S&P
|
| Trigger buffer levels: | 65% of initial levels
|
| 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: | 3.8%
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| Cusip: | 40057LW80
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