Published on 3/14/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $16.53 million buffered digital notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, March 14 – GS Finance Corp. priced $16.53 million of 0% buffered digital index-linked notes due April 12, 2023 linked to 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.
If the final level of the index is greater than or equal to 80% of its initial level, the payout at maturity will be par plus 7.36%.
Otherwise, investors will lose 1.25% for every 1% that the index declines beyond 20%.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Buffered digital index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $16,531,000
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Maturity: | April 12, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final index level is greater than or equal to 80% of initial level, par plus 7.36%; otherwise, 1.25% loss for every 1% decline beyond 20%
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Initial index level: | 4,277.88
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Buffer value: | 80% of initial level
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Pricing date: | March 9
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Settlement date: | March 16
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.82%
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Cusip: | 40057LF97
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