Published on 2/17/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.66 million basket-linked notes on three indexes
By William Gullotti
Buffalo, N.Y., Feb. 17 – GS Finance Corp. priced $1.66 million of 0% notes due Feb. 17, 2027 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the MSCI Emerging Markets index, the S&P 500 index and the Euro Stoxx 50 index.
The notes are guaranteed by Goldman Sachs Group, Inc.
The settlement at maturity is dependent upon the weighted return of the basket, which is determined by adding of the products of the highest performing basket index’s return times 70% and the second highest performing basket index’s return times 30%.
If the weighted basket return is positive, the payout at maturity will be par plus the weighted return.
Otherwise, investors will lose 1% for every 1% that the weighted basket return is less than the basket’s 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: | Basket-linked notes
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| Underlying indexes: | MSCI Emerging Markets index, S&P 500 index, Euro Stoxx 50 index
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| Amount: | $1,661,000
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| Maturity: | Feb. 17, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Settlement at maturity is dependent upon the weighted return of the basket, which is determined by adding of the products of the highest performing basket index return times 70% plus the second highest basket index return times 30%; if the weighted basket return is positive, par plus the weighted return; otherwise, lose 1% for every 1% that the weighted basket return is less than the basket’s initial level
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| Initial levels: | 4,418.64 for S&P, 4,155.23 for Stoxx, 1,240.51 for MSCI EM
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| Pricing date: | Feb. 11
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| Settlement date: | Feb. 16
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 40057L4X6
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