Published on 9/1/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $12.49 million index-linked notes on S&P 500
By Marisa Wong
Los Angeles, Sept. 1 – GS Finance Corp. priced $12.49 million of 0% index-linked notes due Aug. 29, 2025 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 index return is positive, the payout at maturity will be par plus the index gain, subject to a maximum settlement amount of $1,214 per $1,000 principal amount.
If the index return is zero or negative, the payout will be par.
Goldman Sachs & Co. LLC is the agent with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $12,493,000
|
| Maturity: | Aug. 29, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 21.4%; par if index finishes flat or falls
|
| Initial index level: | 4,057.66
|
| Final level: | Average of index closing levels on each of five trading dates ending Aug. 26, 2025
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agent: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
|
| Fees: | 2%, including selling concession of up to 2%
|
| Cusip: | 40057MU72
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
